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Thom Tillis revives stablecoin fight with new CLARITY Act proposal

Senator Thom Tillis has proposed new CLARITY Act language that would allow federal banking regulators to intervene if stablecoin yields trigger systemwide deposit flight from US banks. According to a report from Punchbowl, the North Carolina Republican has suggested adding…

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Thom Tillis proposes new CLARITY Act language to address stablecoin deposit flight as the Senate prepares to release the crypto bill text.
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