NDTV·2 min read·medium

US Senate Advances Landmark Crypto Bill Before Heading On August Recess

AI Summary

The US Senate has moved forward with a significant cryptocurrency bill before the August recess. The industry has invested over $119 million in political lobbying to support the Clarity Act and stablecoin legislation.

The crypto industry spent more than $119 million backing pro-crypto candidates in the 2024 election hoping to advance the Clarity Act and stablecoin law.

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