Bitcoin

Bitcoin

$77,213.55

BTC 0.28%

Ethereum

Ethereum

$2,106.63

ETH 0.42%

  • Login
  • Register
Metaverse Media Group
  • Home
  • Crypto
  • NFTs
  • Artificial Intelligence
  • More
    • Technology
    • Business
    • Newsletter
No Result
View All Result
  • Home
  • Crypto
  • NFTs
  • Artificial Intelligence
  • More
    • Technology
    • Business
    • Newsletter
No Result
View All Result
Metaverse Media Group

Crypto, Banks Take Clarity Act Lobbying Fight to Senators’ Home States

Crypto, Banks Take Clarity Act Lobbying Fight to Senators’ Home States

Decryptby Decrypt
9 September 2026
In brief The Senate is scheduled to hold a procedural vote on the Clarity Act on September 15. Stand With Crypto says supporters called or emailed members of Congress nearly 50,000 times in August. Community bankers are lobbying senators over provisions they say could pull deposits from banks and hurt lending. Crypto advocates and community bankers are taking their fight…

In brief

  • The Senate is scheduled to hold a procedural vote on the Clarity Act on September 15.
  • Stand With Crypto says supporters called or emailed members of Congress nearly 50,000 times in August.
  • Community bankers are lobbying senators over provisions they say could pull deposits from banks and hurt lending.

Crypto advocates and community bankers are taking their fight over the Clarity Act to senators’ home states ahead of a key vote next week.

The Senate is scheduled to hold a procedural vote on the Clarity Act⁠ on September 15. The legislation would establish federal rules for digital assets and divide oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission.

Myriad: Will Congress pass the Clarity Act? Click to make your prediction.
Myriad: Will Congress pass the Clarity Act? Click to make your prediction.

According to a report by Reuters, during the August recess, both sides targeted senators with meetings, local events, op-eds, calls, emails, and advertising.

Stand With Crypto, a Coinbase-backed advocacy group that says it has 3 million supporters, said members called or emailed Congress nearly 50,000 times in August while organizing events and placing pro-Clarity Act op-eds in local newspapers. In Georgia, chapter president Tia Williams met with staff for Democratic Senator Raphael Warnock, who voted against advancing the bill out of the Senate Banking Committee.

Crypto groups have already spent at least $190 million ahead of the November midterm elections.

The Blockchain Association launched Clarity for America in July to help individuals and companies contact senators in support of the bill.

While the crypto industry has moved to lobby for friendly regulations, community banks are also mounting their own campaign.

The Independent Community Bankers of America has organized meetings between local bankers and senators in their home states and run television ads calling for changes to the bill.

“New ICBA polling demonstrates that small businesses understand firsthand the critical role of community banks in supporting local economies and want to ensure the Clarity Act does not harm this vital source of credit,” ICBA President and CEO Rebeca Romero Rainey said in a statement. “ICBA continues to urge lawmakers to ensure the Clarity Act includes a robust prohibition on stablecoin yield to ensure community banks continue to power $4.1 trillion in total lending activity in local communities nationwide.”

One of the biggest disputes is over stablecoin rewards⁠. Banking groups argue that allowing crypto platforms to pay rewards on stablecoins could draw deposits away from traditional banks.

Crypto firms argue that stablecoin rewards should remain available and that clearer federal rules are needed for the industry to operate in the U.S. The bill also faces opposition over money-laundering safeguards and ethics restrictions on government officials’ crypto interests⁠.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Read the full article on Decrypt.co
in Crypto
Reading Time: 5 mins read
0
0
23
VIEWS
Share on TwitterShare on Facebook

Subscribe to our newsletter

For the latest news & monthly prize giveaways
Join Now

Subscribe to our newsletter

For the latest news & monthly prize giveaways
Join Now
ADVERTISEMENT

Related Posts

Grayscale Drives $47M Bitcoin Outflows as XRP Funds Gain $1.55M
Crypto

Grayscale Drives $47M Bitcoin Outflows as XRP Funds Gain $1.55M

37 minutes ago
21
Metamask Breaks Free From Consensys as 2027 IPO Buzz Heats Up
Crypto

Metamask Breaks Free From Consensys as 2027 IPO Buzz Heats Up

2 hours ago
24
Bitcoin Price Steadies at $78K Despite $6B Treasury Action
Crypto

Bitcoin Price Steadies at $78K Despite $6B Treasury Action

3 hours ago
24

Comments

Please login to join discussion
ADVERTISEMENT

Latest News

  • All
  • Crypto
  • NFTs
  • Technology
  • Business
Grayscale Drives $47M Bitcoin Outflows as XRP Funds Gain $1.55M
Crypto

Grayscale Drives $47M Bitcoin Outflows as XRP Funds Gain $1.55M

Bitcoin.com News
by Bitcoin.com News
37 minutes ago
21
UK Lawmakers Are Freaking Out Over AI’s Summer of Chaos
Business

UK Lawmakers Are Freaking Out Over AI’s Summer of Chaos

Wired
by Wired
1 hour ago
23
Crypto, Banks Take Clarity Act Lobbying Fight to Senators’ Home States
Crypto

Crypto, Banks Take Clarity Act Lobbying Fight to Senators’ Home States

Decrypt
by Decrypt
1 hour ago
23
Apple’s unveils its first folding iPhone
Technology

Apple’s unveils its first folding iPhone

BBC News
by BBC News
1 hour ago
23
Metamask Breaks Free From Consensys as 2027 IPO Buzz Heats Up
Crypto

Metamask Breaks Free From Consensys as 2027 IPO Buzz Heats Up

Bitcoin.com News
by Bitcoin.com News
2 hours ago
24
I Let an AI Agent Hack All My Gadgets—and I’d Do It Again
AI

I Let an AI Agent Hack All My Gadgets—and I’d Do It Again

Wired
by Wired
2 hours ago
23
Load More
Next Post
UK Lawmakers Are Freaking Out Over AI’s Summer of Chaos

UK Lawmakers Are Freaking Out Over AI’s Summer of Chaos

ADVERTISEMENT

Follow Us

Categories

  • Crypto
  • NFTs
  • AI
  • Technology
  • Business
  • Crypto
  • NFTs
  • AI
  • Technology
  • Business
Subscribe to our Newsletter

© 2022 Metaverse Media Group – The Metaverse Mecca

Privacy and Cookie Policy | Sitemap

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Crypto
  • NFTs
  • Artificial Intelligence
  • More
    • Technology
    • Business
    • Newsletter
Bitcoin

Bitcoin

$77,213.55

BTC 0.28%

Ethereum

Ethereum

$2,106.63

ETH 0.42%

  • Login
  • Sign Up
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Subscribe to our newsletter

Get the latest news & win monthly prizes

Subscribe to our newsletter

For the Latest News and Monthly Prize Giveaways

Join Now
Join Now