Former Fox Business reporter Eleanor Terrett said the United States Hispanic Chamber of Commerce, or USHCC, sent a letter to Senate leaders this week raising concerns about the Clarity Act. The group said it represents millions of Hispanic-owned businesses across the United States and argued that the bill could accelerate deposit outflows, echoing concerns already voiced by community banks. USHCC also said the legislation could reduce lending to Hispanic small businesses and weaken investment in underserved communities. The letter adds another voice to the debate around the proposed bill, with the chamber framing the issue around access to credit and local investment rather than digital asset policy alone.
Former Fox Business reporter Eleanor Terrett said the United States Hispanic Chamber of Commerce (USHCC) sent a letter to Senate leaders this week expressing concern over the Clarity Act.
The organization, which said it represents millions of Hispanic-owned businesses across the United States, argued that the bill could accelerate deposit outflows, mirroring concerns raised by community banks. USHCC also said the measure would reduce lending to Hispanic small businesses and weaken investment in underserved communities.
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