a16z crypto policy head Miles Jennings says blocking the CLARITY Act keeps crypto intermediaries paying yield on stablecoin deposits under GENIUS — the outcome banks oppose.

a16z crypto policy head Miles Jennings says blocking the CLARITY Act keeps crypto intermediaries paying yield on stablecoin deposits under GENIUS — the outcome banks oppose.

The CLARITY Act has stalled on the Senate floor as Republican concerns over stablecoin yield provisions threaten to derail the landmark crypto