🗽 The U.S. Senate Banking Committee has published an updated bill CLARITY on crypto market regulation.

🔵 Authorities want to ban interest payments for holding stablecoins — so they don't turn into an equivalent of bank deposits.
🔵 The crypto industry supported the rules, but banks fear that people will start massively moving money from deposits into stablecoins.
🔵 At the same time, the document still does not prohibit officials, including Trump, from profiting from crypto projects.

As early as Thursday, the U.S. Senate is expected to consider amendments and vote on the bill.

@DeCenterOrg