CLARITY fails to advance in Senate, Josh Hawley cites concerns over funds flowing out of small-town banks

Odaily reports: Bitcoin News posted on X that Republican Senator Josh Hawley said he voted against it because he worried that high-yield alternatives could siphon funds away from small-town banks, weakening their ability to issue loans to Missouri farmers. When Democratic Senator Mazie Hirono was asked about the reason for opposing advancing CLARITY, she said she was not prepared to comment at this time. The Senate cloture vote fell short of the required 60 votes, and CLARITY failed to advance.