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CLARITY Act Delay: Senate Crypto Market Structure Bill Pushed to May

CLARITY Act Delay: Senate Crypto Market Structure Bill Pushed to May

Senator Thom Tillis has urged Senate Banking Chair Tim Scott to delay the markup of the CLARITY Act until May, citing disagreements over stablecoin yield and rewards. Banking groups are concerned that stablecoin yields could divert deposits from traditional banks. The delay aims to address these issues before advancing the legislation, which is part of ongoing efforts to regulate crypto markets.

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