Regulation· ★★★· neutral·

Hawley explains CLARITY Act no vote as protecting Missouri farmers

  • —The CLARITY Act failed on September 15, with four Republicans voting against
  • —Hawley said he was protecting Missouri farmers' access to small-bank loans
  • —The senator claims the bill would force investors out of local banks in pursuit of yield
  • —A CEA report refutes Hawley's claim that stablecoin yields threaten small banks
Why it matters: Hawley's stance shows a Republican split and complicates the bill's return to the Senate.
Source: Coin Edition
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