Deadline for Amendments to the Text of the 'CLARITY Act' is 5:00 AM on May 14

Foresight News reports that according to crypto journalist Eleanor Terrett, the deadline for members of the U.S. Banking Committee to submit amendments to the text of the 'CLARITY Act' is 5:00 PM Eastern Time (5:00 AM Beijing Time on May 14). It is currently unclear how many amendments have been submitted, but as a reference, 137 amendments were received prior to the planned review in January, so the number of amendments submitted this time may be similar or even higher. In addition, according to informed sources, since last Friday, members of the American Bankers Association have sent over 8,000 letters to Senate offices, urging lawmakers to refine the provisions of the stablecoin yield compromise bill. This action does not include separate phone lobbying efforts.