U.S. Senate Releases Compromise Text of CLARITY Act, Prohibiting Use of Stablecoin Earnings in Reserves

05/02 15:35

The U.S. Senate has released the compromise text of the CLARITY Act, which prohibits the use of stablecoin earnings in reserves while retaining activity-based rewards. This submission to the banking committee clears the way after months of negotiations between cryptocurrency companies and bank lobbyists.

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