Hawley Resists CLARITY Act as Banking Lobby Pressure Forces Revenue Provision Adjustments

Senator Hawley opposes CLARITY Act, echoing GENIUS Act stance. Banking industry concerns over stablecoin revenue provisions drive expected amendments before Senate vote, creating legislative uncertainty.

Woofun AI reports that U.S. Republican Senator Cynthia Lummis stated Senator Josh Hawley is "very resistant" to the CLARITY Act. Hawley previously abstained from supporting the GENIUS Act and is unlikely to back the current legislation, although discussions with his office continue. Other Republican objections primarily originate from banking industry concerns regarding stablecoin revenue provisions within the bill. Sources indicate that pressure from bank lobbyists and specific Republican reservations will likely result in adjustments to these revenue-related clauses before a full Senate vote, though it remains unclear if such changes will satisfy banking stakeholders.