🏛️ UPDATE: Crypto Bill Faces New Amendments
@EleanorTerrett reported new CLARITY Act amendments, including one that would ban crypto from being used as legal tender for payments like taxes.
She also noted @SenWarren filed 40+ amendments, while ABA members have sent over 8,000 letters pushing lawmakers to revise the stablecoin yield compromise.
🏛️ U.S. Senate Releases Crypto Market Structure Bill Draft
@BankingGOP released the latest crypto market structure bill ahead of this week’s hearing.
The draft keeps protections for DeFi developers, includes limits on stablecoin yield, and aims to bring crypto markets further into the regulated financial system.
A separate ethics provision remains a key unresolved issue.