U.S. Banking Committee Faces Deadline for CLARITY Act Amendments

The deadline for submitting amendments to the CLARITY Act by members of the U.S. Banking Committee is set for 5 p.m. Eastern Time (5 a.m. UTC+8 on May 14). According to Foresight News, it remains unclear how many amendments have been submitted. However, as a reference, 137 amendments were received before the planned review in January, suggesting a similar or greater number may be submitted this time. Additionally, informed sources indicate that since last Friday, members of the American Bankers Association have sent over 8,000 letters to Senate offices. These letters urge lawmakers to refine the terms of the stablecoin yield compromise bill. This effort does not include separate phone lobbying activities.