Senators Propose Compromise on Clarity Act at ABA Summit

At the American Bankers Association (ABA) summit in Washington, Senator Alsobrooks addressed community bankers about the progress of the Clarity Act. According to ChainCatcher, she emphasized that achieving perfection should not hinder reaching the goal. Senator Alsobrooks revealed that she and Senator Thom Tillis are working on a compromise proposal. The aim is to prevent deposit outflows while allowing room for innovation and development.