US Senators Agree to Withdraw Credit Card Swipe Fee Amendment to Avoid Threatening CLARITY Act Consideration

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 threatened the progress of the Crypto Currency Market Structure Act (CLARITY Act).

Due to severe winter storms across 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 discussions have been delayed multiple times due to bipartisan support issues.