US Senator Thom Tillis said the current text of the CLARITY Act offers a compromise for the crypto industry and banks and provides a bipartisan path for the bill’s passage.
US Senator Thom Tillis is urging the Senate Banking Committee to schedule a markup for a stalled crypto market structure bill, citing progress in negotiations and the need for a legislative forcing mechanism.
Kevin Warsh, President Trump's Fed chief nominee, called for "regime change" at the US central bank during his Senate confirmation hearing, proposing new inflation control approaches and a communications overhaul that may limit policymakers' public commentary on interest rate direction. Republican Senator Thom Tillis refused to support Warsh until the Trump administration drops a criminal probe of current Fed Chair Jerome Powell, potentially leaving Powell in the role indefinitely. Warsh blamed the Fed for post-pandemic inflation and said he would explore AI-driven data tools for better inflation insights.
The US Senate’s most significant effort to establish a comprehensive federal framework for digital asset markets, the CLARITY Act, is in imminent danger of slipping into May. Amid fierce pressure from traditional financial institutions, Senator Thom Tillis (R-NC) is actively pressing Senate Banking Committee leadership to delay advancing the CLARITY Act. The delay turns what […] The post Banks lobbying efforts seek to ‘kill’ CLARITY Act before US Senate election window closes appeared first on CryptoSlate.
US Senator Thom Tillis said members of the crypto and banking industries still need more time to be heard.
