- The White House and senators have reached an agreement to advance the deadlocked Clarity Act, according to reports.
- The legislation has been at a standstill as banks and crypto companies lock horns.
- Crypto companies want to pay customers stablecoin rewards; banks aren’t happy.
The crypto industry is edging closer to getting its landmark legislation after US senators said they had agreed to strike an “agreement in principle” with the White House over key language in a bill regarding stablecoins, according to a report.
Language in the Clarity Act related to the digital tokens could be changed to “prevent widespread deposit flight”, senators Thom Tillis and Angela Alsobrooks told Politico on Friday.
Alsobrooks added she thought the…
