Seven Republicans Back Stablecoin Reward Limits in CLARITY Act
- —The amendment was introduced by Republican Senator Jerry Moran
- —More than 12 senators co-sponsored it, half of them Republicans
- —The amendment tightens limits on stablecoin rewards
- —The crypto industry has strongly opposed the measure
Why it matters: Broad bipartisan support for the bank-friendly amendment complicates the CLARITY Act's path in the Senate and prolongs regulatory uncertainty for stablecoins in the US.
Source: Bloomingbit