The final cloture vote doesnt tell the entire story amongst Rs. Some of their support for the final bill mightve been contingent on certain amendments like this.
A lot of people said it was all about ethics. If this amendment was filed with this level of support, its safe to say it wasnt all about ethics. It wouldve caused an uproar at the 11th hour.
It reminds me of 2021 and the broker rule in IIJA. Crypto was caught flatfooted then too.
I only say this because the 49-50 vote doesnt necessarily offer an accurate guage of R support moving forward. Hence my prior statement that crypto needs to reevaluate its advocacy.
New: An amendment quietly filed on the Clarity Act last week suggests crypto had even deeper GOP problems in the Senate than previously known.
Seven (!) Republicans cosponsored a push to give banks a major win on stablecoin yield, further complicating Clarity’s math to 60 votes