Final CLARITY Act version loses support ahead of Senate vote
- —Republicans incorporated 126 Democratic amendments, but critics did not accept them
- —18 attorneys general led by Letitia James oppose the bill
- —Banks demand a ban on stablecoin yield rather than waiting for deposit outflows
- —Criminal protection for developers under 18 U.S.C. 1960 was removed from the final text
Why it matters: The outcome of the Sept. 15 vote will determine whether the Senate begins considering a U.S. crypto market structure law.
Source: CryptoSlate