Senate’s Sept. 15 CLARITY Vote Turns Into Grassroots Showdown After $190M Crypto Political Push

Crypto advocacy groups and community banks have shifted their lobbying efforts for the CLARITY Act to the local level during the August recess. The conflict, which precedes the Senate's cloture vote on September 15, focuses on whether crypto platforms should be permitted to provide stablecoin rewards without impacting deposits at local financial institutions.