Bankers Say CLARITY Act Stablecoin Provisions Still Flawed
22 Articles
22 Articles
The New York Ledger
CointelegraphBankers 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.”…
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
A group of banking associations has recently addressed the public draft of the Clarity Act, which “falls short” of prohibiting the payment of yield and interest on stablecoins. The issue has created a divide among banks, with some supporting and others rejecting the proposal. Key Takeaways: Rejecting the Digital Asset Market Clarity Act over a […]
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