π¨ JOSH HAWLEY EXPLAINS HIS NO VOTE ON THE CLARITY ACT π¨
Sen. Josh Hawley (R-MO) was one of four Republicans (including @SenThomTillis, who switched his vote at the last minute) to break with the party and sink the crypto bill’s advance in the Senate.
His reasoning:
“My concern is all to do with farmers in my state. Ag is our number one industry in Missouri, and farmers are so concerned they won’t be able to get loans from small-town banks, because investors will leave those banks chasing the yields available under the bill.”
@HawleyMO said Sen. @JerryMoran, who also voted no, has language that could fix it – calling the issue “pretty doable” to resolve.
“We’ve got to make sure those banks stay in operation, stay competitive, and have enough capital to make loans or our Missouri economy will collapse.”
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