Sen. Lummis on Clarity Act: We Are Facing Some Headwinds
‘We are still challenged by the banker’s allegations that this will reduce deposits and make less money available for lending’
EXCERPT:
LUMMIS: “They’re trying to use the Clarity Act to amend the Genius Act that passed a year ago, even though there’s no indication that it’s going to hurt their deposits. So we’re fighting against and trying to work against something there’s no proof of. It’s just a — it’s just a concern. We’re also dealing, of course, with the president’s willingness to subject himself and Melania Trump to the most restrictive ethics language that a president has ever subjected himself to. But of course, there’s — there’s no pleasing Democrats at this point. So we’re facing some headwinds.”
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