The CLARITY Act isn’t being slowed down by crypto skeptics so much as by banks trying to protect the old deposit machine from a stablecoin-shaped wrench. Bank lobby vs. stablecoin rewards GENIUS Act left a gap Yield-bearing stablecoins could reshape deposits Washington is fighting over who gets the spread The CLARITY Act cleared the Senate […]
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Banking groups are turning the CLARITY Act into a street fight over stablecoins, deposits, and who gets to control America’s digital money rails. Five major banking trade groups are coordinating opposition to the crypto market structure bill, warning that its stablecoin yield language could drain deposits and weaken lending. Crypto leaders and pro-crypto lawmakers say […]
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White House Study Slams Bank Lobby: CLARITY Act Stablecoin Yield Ban Under Fire A bombshell report from the White House has just flipped the script on the heated debate over stablecoin yields, directly challenging the banking lobby’s push for a ban as the U.S. Senate battles over the groundbreaking CLARITY Act. The study reveals that […]
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