ICYMI: Chairman @RepFrenchHill joined @LizClaman on @FoxBusiness to discuss the latest on the CLARITY Act. “Last July, we passed the GENIUS Act that created the first dollar-backed payment stablecoin and we passed the CLARITY Act in the House… in both instances, on a bipartisan basis, we said that stablecoins should not pay yield. It’s just a payment device to be used on a blockchain, and we also outlined in the GENIUS Act that both bank and nonbank issuers of a dollar-backed stablecoin would be treated the same way on sales practices, capital, [and] supervision. So, in my view this can be resolved in the CLARITY Act, and I hope soon." 📺⬇️