Citigroup CEO Backs Clarity Act but Warns Stablecoin Rewards Could Hurt Banks
6 Articles
6 Articles
Citigroup CEO backs Clarity Act but warns stablecoin rewards could hurt banks
Citigroup CEO Jane Fraser has backed passage of the CLARITY Act while continuing to push for changes to its stablecoin reward rules, keeping the banking industry’s main concern with the crypto bill alive ahead of a Senate procedural vote expected…
Citi CEO Wants 'Good' Crypto Clarity Act To Get Passed
Citigroup CEO Jane Fraser has said that while some improvements need to be made to the crypto Clarity Act, the bank wants a “good bill to go through.” The banking executive said that the bank was a “leader in digital assets” so wanted “safe adoption” of the technology. Lawmakers were trying to get a vote on the Clarity Act through before splitting for recess last week but ran out of time. A vote will now take place in September. JUST IN: 🇺🇸 …
Citigroup urges US Senate to pass Crypto CLARITY Act, backs
🚨 Citigroup urges the US Senate to pass the Crypto CLARITY Act for digital asset regulation. 📉 Citi has cut its 12-month targets for Bitcoin and Ethereum after recent market declines. 🧩 The CLARITY Act seeks stronger rules and more investor protection in $BTC and altcoins. &#...
Citigroup’s executive director supports the CLARITY Act but insists that stablecoins rewards could erode bank deposits and reduce credit. With a key vote in the Senate scheduled for September 15, the conflict between banks and crypto companies escalates. *** Citigroup supports the CLARITY Act with reserves, calling for changes to the rules on stablecoins rewards to protect deposits. A commitment in the Senate would prohibit passive returns by si…
Citigroup CEO Jane Fraser Backs Crypto Bill as Stablecoin Rules Hang in Balance
Jane Fraser wants a law. The Citigroup CEO has come out in support of passing comprehensive crypto legislation, pushing for… Read the original on Citigroup CEO Jane Fraser Backs Crypto Bill as Stablecoin Rules Hang in Balance. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
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