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@applestar
➖ Clarity for Payment Stablecoins Act of 2024 Reps. Patrick McHenry, Senators Lummis, and Gillibrand are pushing this act to bring clarity to the stablecoin landscape ➖ A key highlight? It lets smaller stablecoin issuers (with a market cap under $10 billion) be regulated at the state level. The Clarity Act aims to offer a regulatory framework for USD-backed stablecoins, keeping the little guy in play ➖ The bill hasn’t passed either chamber but could offer a practical path forward for stablecoin adoption in the U.S. if it finally gets through 🧵 4/11
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