đšRepublican Sen. Josh Hawley explains why he voted NO on the CLARITY Act.
His concern isnât Bitcoin itself.
Itâs Missouri farmers and community banks. đŸđŠ
Hawley argues that attractive stablecoin yields could pull deposits out of small-town banks, leaving them with less money to lend to farmers and local businesses.
That concern has also been raised by community-banking groups.
So one of the biggest fights holding up U.S. crypto legislation isnât really crypto vs. government.
Itâs crypto yields vs. traditional banking deposits. đ
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His concern isnât Bitcoin itself.
Itâs Missouri farmers and community banks. đŸđŠ
Hawley argues that attractive stablecoin yields could pull deposits out of small-town banks, leaving them with less money to lend to farmers and local businesses.
That concern has also been raised by community-banking groups.
So one of the biggest fights holding up U.S. crypto legislation isnât really crypto vs. government.
Itâs crypto yields vs. traditional banking deposits. đ
$BTC $ETH $SOL