Bessent's CLARITY Act Push: Crypto's $3T Market Demands Senate Action Now
Imagine holding crypto worth thousands, only for regulatory fog to freeze markets. Treasury's Scott Bessent just lit a fire under Congress with the CLARITY Act—could unlock trillions, but banks are digging in.
⚡ Key Takeaways
- CLARITY Act stalls on stablecoin yields, but White House data shows banks' fears overblown—0.02% lending boost vs. $800M user losses. 𝕏
- Crypto market at $3T; passage could unlock tokenized trillions, mirroring 1999 dereg boom. 𝕏
- Treasury's GENIUS rules amp AML for stablecoins, turning issuers into gatekeepers amid global race. 𝕏
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Originally reported by Cointelegraph
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