On the eve of the deliberation of the "CLARITY Act," the anti-cryptocurrency camp is intensively taking action. Can the "poison pill" clause turn danger into safety?

Cryptocurrency journalist Eleanor Terrett revealed on the X platform that U.S. Senator Jack Reed has submitted an amendment to the stablecoin bill, proposing to ban the use of cryptocurrencies as legal tender, such as for paying taxes.

It is noteworthy that last year, Representative Warren Davidson proposed a bill allowing the use of BTC to pay taxes, forming a stark contrast with this stance.

Additionally, Senator Elizabeth Warren has proposed over 40 amendments, one of which aims to prevent the Federal Reserve from issuing master accounts to crypto companies.

This X post aims to respond to and disclose the series of legislative moves unfavorable to cryptocurrencies that are brewing within Congress, just before the Senate Banking Committee is scheduled to review the "CLARITY Act" this Thursday.

The current situation is that the anti-cryptocurrency camp is seizing every opportunity to try to include clauses in the bill that could "kill" the practicality of cryptocurrencies, beyond just focusing on the profitability of stablecoins.

In summary, this bill amendment is not only a lobbying battle between the banking industry and the crypto industry but also offers industry insiders and observers a deeper political game perspective beyond the "stablecoin reward battle."

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