U.S. Senator: Stablecoin "Clear Act" requires compromise from all parties to advance, currently working on a middle-ground solution

Gate News Report, March 10 — According to journalist Eleanor Terrett, at the Washington American Bankers Association (ABA) Summit, Senator Alsobrooks told community bankers that all parties may need to make compromises during the progress of the Stablecoin Regulation Bill, the “Clarity Act,” and that “perfection should not hinder achieving the goal.” She revealed that she is working with Senator Thom Tillis on a compromise plan aimed at preventing deposit outflows while leaving room for innovation.

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