The Clarity Act To Advance in the Senate, Pitting Banks Against Crypto and VC

Banks hate it. VCs love it. And Congress is about to move it forward…without an ethics provision.

BY MELISSA ANGELL, SENIOR STAFF WRITER @MELISSKAWRITES

Illustration: Inc; Photo: Adobe Stock

The Senate Banking Committee will vote today on a landmark bill that props up a federal regulatory framework for the crypto industry expected to make cryptocurrency and stablecoins mainstream payments options.

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