The Trump administration is campaigning to convince Republican senators that stablecoins will not cause deposit flight from community banks, ahead of the cloture vote scheduled for September 20. The revised CLARITY Act text, released on September 14, grants Treasury the power to monitor and restrict stablecoin yields through a circuit breaker mechanism. President Trump agreed to broaden ethics rules for federal officials holding digital assets, accepting roughly 80 % of a bipartisan proposal. The bill needs 60 votes to clear cloture, and with only 53 Republican senators, at least 7 Democrats must support it.
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