No recent mentions
Banks Unite to Block US Senate’s CLARITY Act on Stablecoins Ahead of Election Deadline
More than 3,200 banks are lobbying to block the U.S. Senate's CLARITY Act, fearing increased crypto competition. The bill faces delays amid intense lobbying, creating uncertainty around the future of federal crypto regulation and market competition.
· 44d ago
White House Criticizes Banks’ Resistance to Stablecoin Yield Reforms in CLARITY Act
The White House has sharply criticized traditional banks for lobbying efforts against stablecoin yield reforms in the CLARITY Act, accusing them of greed or ignorance. The dispute underscores tensions between regulators and banks over the stability and growth of stablecoins, which could influence future legislation and market dynamics.
· 46d ago