Major crypto bill overcomes obstacle as Senator cuts plan to target credit card fees
The Clarity Act, which would regulate and further legitimize digital assets, inched closer to passing after a Senator pulled out of a contested amendment to the bill. Republican Roger Marshall backed out of a politicaly-charged provision that would force credit cards to compete on swipe fees, according to Politico.
Last week, Senator Marshall filed the amendment about credit card fees but over the weekend said he would let go of the provision, Politico reported, citing anonymous sources. Other Republicans would have opposed the measure, creating a roadblock for the broader crypto legislation’s progress.
Marshall’s retreat is good news for the crypto industry following weeks of uncertainty surrounding the bill. The…
