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Banking groups urge Senate to amend Clarity Act's stablecoin provisions

Banking groups urge Senate to amend stablecoin provisions of the Clarity Act. Clarity Act signed into law in 2026 at 38.5% YES.

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Banking groups urge Senate to amend stablecoin provisions of the Clarity Act. Clarity Act signed into law in 2026 at 38.5% YES.

They warned that the current bill could allow stablecoins to substitute for bank deposits and cause a capital flight from community banks.