Clock is Ticking for CLARITY Act as Senators Look to Sacrifice Stablecoin Yield

Lawmakers are still searching for a compromise to revive the stalled CLARITY Act, the United States’ flagship crypto market structure bill. Senators are now exploring a potential middle ground on stablecoin yield rules after negotiations hit a new impasse earlier this month. Last week, banks reportedly rejected a White House-backed proposal aimed at breaking the deadlock over stablecoin rewards. They still dont want any product that would compete with traditional banking deposits source: https://beincrypto.com/clarity-act-two-windows-before-midterms/