CLARITY Act Hits New Roadblock as GOP Support Cracks
Sen. Josh Hawley said he will oppose the CLARITY Act unless stronger protections for community banks are added.
He warned stablecoin driven deposit flight could hurt small banks and agricultural lending.
The bill needs 60 Senate votes to advance, making every Republican vote critical.
Majority Leader John Thune still hopes to hold a floor vote before recess.
Source: Politico
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