U.S. Senators Agree to Withdraw Credit Card Swipe Fee Amendment to Avoid Endangering CLARITY Act Deliberations

BlockBeats News, January 27th - According to Politico, Republican Senator Roger Marshall has agreed to no longer push his amendment on credit card swipe fees, which could have pitted the financial industry against large retailers and jeopardized the advancement of the Crypto-Currency Market Structure Act (CLARITY Act).

Due to severe winter storms affecting multiple parts of the United States, the Senate Agriculture Committee's markup meeting scheduled for Thursday has been postponed to Tuesday, February 3rd. The bill aims to clarify how financial regulatory agencies would oversee the crypto industry, but bipartisan support issues have led to multiple delays in discussions.