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Clarity Act Receives Amendments Before Senate Markup
The U.S. Clarity Act will include a large amount of amendments to review and vote on during the Senate's markup expected on Thursday.
Washington closes in on the Clarity Act (Paula Nardini / Pexels)
U.S. Clarity Act draft bill has received over 100 amendments.
The anticipated bill bringing rules for the digital asset and crypto innovation in the U.S. has received a long list of amendments from Senators a day before the markup.
Key provisions on DeFi, tokenization of securities, stablecoin yield, as well as other policymaking amendments are to be reviewed.
There were many new amendments submitted prior to the Thursday vote, even after the main stage stablecoin yield negotiations have ended according to Politico and DeFi Education Fund. For big platforms like Aave, this is a crucial development for future innovation.
CEO of Coinbase Brian Armstrong was also seen making conversations with Senators in order to get as much support for the bill in Washington. Back in January, it was Coinbase that decided to pull initial support after talks on stablecoin yield fell through.
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