Banking groups urge Senate to amend Clarity Act’s stablecoin provisions
Banking groups are urging the Senate to amend stablecoin provisions in the Clarity Act, potentially delaying regulatory progress.
Banking groups urge Senate to amend Clarity Act’s stablecoin provisions
US banking groups urge Senate to strengthen stablecoin provisions in Clarity Act
🚨JUST IN: The CLARITY Act faces pressure from 78 US banking groups over its stablecoin rules. In a joint letter to Senate leaders, the groups warned the bill could allow stablecoins to act like bank deposits and pull money away from community banks.
ABA, state banking groups push back on CLARITY Act stablecoin yield provisions
US banking groups urge Senate to strengthen stablecoin provisions in Clarity Act https://www.theblock.co/post/408144/us-banking-groups-urge-stablecoin-provisions-clarity-act
LATEST: ABA, ICBA AND 76 STATE BANKING ASSOCIATIONS URGE SENATE LEADERS TO TIGHTEN STABLECOIN YIELD RULES IN CLARITY ACT