Four Senators Backing CLARITY Act Seek Stricter Stablecoin Yield Rules

Four Republican senators who voted to advance the CLARITY Act on September 15 have also signed onto an amendment proposed by Senator Jerry Moran. This amendment, supported by the banking industry, seeks to impose tougher restrictions on how stablecoin issuers reward customers. While the bill currently faces an 11-vote gap to reach the 60-vote threshold, the support of these senators for the amendment introduces potential uncertainty regarding their future votes on the legislation.