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BTC The controversy between cryptocurrency industry groups and community banks over the Clarity Act extends to senators 'states
According to Reuters, as the Senate prepares for a procedural vote on September 15, cryptocurrency industry groups and community banks are bringing the dispute over the Clarity Act (the "Payment Stability Coin Clarity Act") directly into senators' home states. The two sides have stepped up lobbying efforts by holding meetings, placing television advertisements, publishing commentary articles in local media, and conducting voter pressure campaigns.
Advocacy group launches massive public outreach campaign
Coinbase backed advocacy group Stand With Crypto claims 3 million supporters. The group said its members made or sent nearly 50,000 phone calls and emails to members of Congress in August alone. At the same time, the group organizes local events across the country and publishes opinion articles in support of the Clarity Act in regional newspapers to advance the legislative process.
