USHCC writes to Senate leadership, says Clarity Act may accelerate deposit outflows

Odaily reported that Fox Business crypto journalist posted on X platform, stating that USHCC, which claims to represent millions of Hispanic-owned businesses in the United States, wrote to Senate leadership this week, saying it shares community banks' concerns that the Clarity Act could accelerate deposit outflows. The organization believes the bill would reduce lending to Hispanic small businesses and weaken investment in underserved communities.