Catholic leaders push to kill CLARITY Act over stablecoin rules
Nearly 100 Catholic figures say a provision loosening illicit-finance checks on stablecoin issuers would weaken the financial system's frontline defenses against human trafficking.
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Nearly 100 Catholic figures say a provision loosening illicit-finance checks on stablecoin issuers would weaken the financial system's frontline defenses against human trafficking.
The Alliance to End Human Trafficking argues a specific section would make it harder to oversee illicit activity, framing the bill as a moral as well as a regulatory question.
The approvals point to a repeatable federal route, but final approval, distribution, liquidity and execution will determine whether the charters create durable advantage.