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Crypto industry-related political action committees reportedly spend approximately 63000000 USD in an attempt to prevent Sherrod Brown from returning to the Senate. Brown holds a narrow polling lead over Jon Husted, but most gaps are within the margin of error.
Congressional Research Service September 30 released a report stating that banks’ crypto activities must satisfy requirements concerning the nature of banking activities and safety and soundness. The report noted that Congress and regulators may jointly define the relevant scope of authorization.
Coinbase CEO Brian Armstrong posted on X, saying that The Wall Street Journal is preparing an article blaming Coinbase and him personally for the CLARITY Act not passing, and accusing the newspaper of being influenced by bank lobbyists.
