CLARITY Act Stalls Over Housing Dispute
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The CLARITY Act's markup has hit an unexpected roadblock as Senate Banking Chair Tim Scott struggles to secure Republican votes. While a compromise on stablecoin yields was reached, allowing rewards tied to platform usage, the bill is now stalled due to Sen. John Kennedy's frustration over housing provisions. Unresolved protections for software developers further complicate the path forward, potentially delaying much-needed regulatory clarity for the crypto industry. The deadlock underscores the challenges of passing comprehensive crypto legislation amid broader political disagreements.
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