Clarity Act: Hawley Resistance Grows Over Yield Rules
Clarity Act hits GOP resistance as Senator Hawley refuses support over stablecoin yield provisions while bank lobby pushes changes.
SourceAnalysis
Senator Hawley remains resistant to the Clarity Act after skipping the GENIUS vote, with ongoing talks failing to shift his stance amid banking sector pressure on stablecoin yield provisions. Lummis confirmed the holdout while industry sources expect tweaks to the yield section before floor action, though banks may still demand more. This Clarity Act voting outlook reflects growing banking sector crypto resistance that could reshape stablecoin yield provisions impact on final legislation.
Eleanor Terrett
@EleanorTerrettBritish-born Fox Business journalist and producer, JMU graduate breaking news with a global perspective.