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US banking groups urge Senate to strengthen stablecoin provisions in Clarity Act
They warned that the current bill could allow stablecoins to substitute for bank deposits and cause a capital flight from community banks.
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cryptobriefing.com
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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theblock.co
US banking groups urge Senate to strengthen stablecoin provisions in Clarity Act
They warned that the current bill could allow stablecoins to substitute for bank deposits and cause a capital flight from community banks.
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CLARITY Act faces pressure from 78 US banking groups over stablecoin rules
78 US banking groups oppose the CLARITY Act over stablecoin rules. Act signed into law by 2026 at 37.5% YES.
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American Bankers Association urges Senate to close stablecoin yield loopholes in CLARITY Act
The ABA and ICBA urge Senate leaders to tighten stablecoin yield rules in the CLARITY Act, warning of a $1.3 trillion deposit flight risk.