The Senate Banking Committee will hold an initial vote on the crypto Clarity Act bill on May 14.
Banks oppose the proposal, warning that stablecoin rewards could compete with savings accounts and pull deposits from traditional lenders.
Crypto firms, including Coinbase, now support the updated language after a compromise from Sens. Thom Tillis and Angela Alsobrooks.
Democratic support remains unclear, with unresolved concerns over how politicians can profit from digital assets. The bill may still change before any full Senate vote.
An extremely pointed message from @POTUS to those who are dragging their feet on CLARITY.
This is, and always has been, about what’s in the best interest of the American people.
@BroinDaiti@MAGAVoice Sorry about what happened to you as a kid. There was nothing anyone on Facebook could’ve done about it. Hopefully you find the help you need and I do mean that Daty
@JustWinMGMT@Jaboowins@Jpw2026 Great job Jonah! Big win for Hoover proud of you guys beating up on Thompson! I’m an old-school Pleasant Grove Spartan Jameis shout out @CJDurbin14 Great numbers guys! Let’s do it again next week!
@UnderLights365 The comeback was on in this one. Chelsea also recovered an onside kick in the fourth quarter with about six minutes left that could’ve cut it to three but an offsides was called on the kick.