LATEST: 🇺🇸 The ABA, ICBA and 76 state banking groups are urging Senate leaders to tighten stablecoin yield rules in the CLARITY Act over deposit flight fears.
Banking groups urge Senate leaders to tighten stablecoin yield rules in the CLARITY Act over deposit flight concerns.
LATEST: 🇺🇸 The ABA, ICBA and 76 state banking groups are urging Senate leaders to tighten stablecoin yield rules in the CLARITY Act over deposit flight fears.
Tillis’ comments come as the banking lobby has renewed its public pushback against the Clarity Act. In a letter Monday to Senate leadership, @ABABankers, @ICBA and 76 state banking associations argued that the Tillis/Alsobrooks stablecoin yield compromise does not go far enough to prevent stablecoin
Clarity Act faces renewed scrutiny as banking lobby pushes back on stablecoin yield provisions
Banking Groups Push Senate to Tighten CLARITY Act Stablecoin Rules, Warning of Deposit Flight