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CLARITY Act Draft Splits Wall Street and Crypto as Senate Faces 60-Vote Test

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2026-07-24 15:39:22
The revised CLARITY Act draft has divided Wall Street and crypto figures as the Senate bill needs 60 votes to advance. According to NS3.AI, David Solomon reportedly urged Congress to move the bill forward, while major banking groups warned that stablecoin rewards could pull deposits away from banks. Seven Democratic senators said the draft still needs stronger protections.
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