The Senate faces a make-or-break vote on the Clarity Act on September 15th — a bill designed to bring much-needed guardrails to digital assets, ensuring transparency and protecting customer funds. But just days before, major banking groups are pushing last-minute changes that could gut the bill’s core protections. These tweaks — like replacing “solely” with weaker language — aren’t minor edits; they’re policy shifts that risk creating loopholes and undermining consumer safeguards. Ironically, critics who oppose the bill cite apocalyptic predictions, while ignoring real-world proof: since similar laws passed, U.S. bank deposits have surged by over $800 billion. The real threat to traditional finance isn’t crypto — it’s money market funds offering better returns, forcing banks to raise rates, not beg Congress for help. This bill is the culmination of years of bipartisan compromise. Now’s the time to pass it — before the clock runs out and the opportunity slips away.
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