CLARITY Act Drama Is Reaching Peak Tension 🖤
The counterproposal details stayed under wraps but the main clash is all about its updated ethics rules. Worries popped up around a part tied to the Office of Government Ethics that might let top officials hang onto their crypto side hustles. Senator Cynthia Lummis leading the GOP side noted that Dems keep pushing for more givebacks tho. She still thinks the bill is locked in for a vote. The White House stood behind the fresh version too. Patrick Witt the top crypto advisor chatted at a Solana Policy Institute summit in Washington and mentioned how the admin fixed the issues that came up during the back and forth. He sounded confident the Senate would start reviewing this much awaited crypto rule while noting that hitting 60 votes comes down to politics not policy since he sees it as truly bipartisan and worth backing fr. His words hit a day after that 635 page GOP draft dropped with tweaks to several hot spots.Banking Crews And States Are Sounding Major Alarms 🌙
The updates pulled gripes from all sides. Banking groups zeroed in on the stablecoin reward rules and eight trade groups fired off their concerns to Senate leaders John Thune and Chuck Schumer on Monday while asking for extra fixes. On the side New York AG Letitia James plus 17 others urged senators to ditch the whole thing warning that federal preemption might hurt state anti fraud powers and enforcement including civil criminal moves that back basic state authority. They claimed it could hand the SEC huge power to pick where rules land. Even with that noise Witt called it the best and final offer lol. 🕸️💀🦇✨🩸🔪🌚🕷️Just another echo from the void by iconofsin.eth 💖
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