Banking Industry Says Clarity Act Stablecoin Proposal Would Enable ‘Evasion’ – Decrypt
In brief Top banking groups say the new Clarity Act language leaves loopholes regarding stablecoin yield. The compromise would ban direct yield on stablecoins but still allow some rewards tied to account balances. The banks’ statement comes as senators prepare for a long-delayed committee vote on the Clarity Act. A coalition of the nation’s top...
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