Bankers Say CLARITY Act Stablecoin Provisions Still Flawed

Bankers Say CLARITY Act Stablecoin Provisions Still Flawed

America’s largest banking groups said they remain dissatisfied with the CLARITY Act’s newly proposed language on stablecoin yield, arguing that it fails to protect bank deposits. In a statement Monday, the bankers acknowledged that US Senators Thom Tillis and Angela Alsobrooks are “seeking to achieve the correct policy goal” in prohibiting stablecoin yield but noted that the CLARITY Act’s “proposed language” currently “falls short of that goal.”…

Stablecoin Proposal Still 'Falls Short' Of Protecting Bank Deposits: US Banks Say

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Banks And Lenders Clash Over Stablecoin Yield Compromise On Clarity Act

Some banks and traditional financial institutions are not entirely on board with the new language on stablecoin yields in the Clarity Act. The crypto community’s infighting took a turn for the worse as Coinbase and others rejected the stablecoin yields that banks pushed in the Clarity Act a few months ago. The crypto exchange’s walkout from the negotiations prompted the White House to intervene and mediate between the parties. Meanwhile, Ripple,…

Banking lobby attempts to kill Clarity Act's stablecoin progress as markup is scheduled for next week

US banks are mounting an aggressive lobbying effort to stall the CLARITY Act, even as key US lawmakers signal a fast-tracked timeline to put the bill on the president’s desk before July 4. The legislative clash centers on the Digital Asset Market Clarity Act, a sweeping regulatory framework that cleared the House with bipartisan support in July 2025. For months, the bill has been bogged down in the Senate over a highly contentious provision rega…

Banks reject US stablecoin compromise, public shrugs at crypto

Crypto firms are pushing a stablecoin compromise to revive stalled U.S. legislation, but banks resist, while the public remains indifferent. The post Banks reject US stablecoin compromise, public shrugs at crypto appeared first on CoinGeek.

Banks Reject Stablecoin Yield Compromise, Demanding Stricter Crypto Limits - Invest In Crypto News

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