Saga crypto

Banks Fight US Stablecoin Legislation

The saga begins with the White House criticizing banks for opposing stablecoin reforms in the CLARITY Act, leading to a large banking coalition lobbying to block the bill in the US Senate, highlighting escalating tensions between regulators and financial institutions over crypto regulation.

2 chapters | spanning developing | Coinbase House Senate

Apr 21, 2026 Latest

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.

2 articles 45d ago

Apr 18, 2026 Origin

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.

3 articles 47d ago