Cynthia Lummis Says Final CLARITY Act Arrives July 4 Weekend
Senator Cynthia Lummis says the final CLARITY Act text will be released around July 4, ahead of a planned Senate vote.
Senator Cynthia Lummis says the final CLARITY Act text will be released around July 4, ahead of a planned Senate vote.
Peter Schiff opposes treating stablecoin issuers like banks, arguing fully backed tokens operate differently from fractional-reserve institutions.
The CLARITY Act faces mounting pressure as Senate scheduling conflicts, policy debates, and banking opposition threaten progress.
JPMorgan CEO Jamie Dimon opposes the CLARITY Act, warning banks will fight provisions tied to stablecoins and AML standards.
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