🚨 BREAKING: CLARITY ACT MOVES CLOSER TO SENATE VOTE! 🇺🇸🪙
#CLARITYACT : ⚖️ Senate negotiators have reached a key compromise on stablecoin yield, clearing a major hurdle for the bill.
🏦 The updated language bans pure reserve-backed yield while allowing activity-based rewards on crypto platforms.
🗳️ The bill now heads toward a Senate Banking Committee markup and a potential full Senate vote before the August 7 recess.
📌 If passed: 🔹 CFTC will oversee digital asset spot markets and crypto commodities. 🔹 SEC will retain jurisdiction only over tokens classified as securities.
Follow for daily updates 🚨
$ESPORTS $RE $BEAT
#CLARITYACT : ⚖️ Senate negotiators have reached a key compromise on stablecoin yield, clearing a major hurdle for the bill.
🏦 The updated language bans pure reserve-backed yield while allowing activity-based rewards on crypto platforms.
🗳️ The bill now heads toward a Senate Banking Committee markup and a potential full Senate vote before the August 7 recess.
📌 If passed: 🔹 CFTC will oversee digital asset spot markets and crypto commodities. 🔹 SEC will retain jurisdiction only over tokens classified as securities.
Follow for daily updates 🚨
$ESPORTS $RE $BEAT