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The banking lobby's bad faith campaign to kill the Clarity Act will backfire | Fortune

The banks' arguments against the Clarity Act are not rooted in reality, and serve to highlight their own anti-consumer position, says a Columbia professor.

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The banking lobby's bad faith campaign to kill the Clarity Act will backfire | Fortune

U.S. banks block the Clarity Act ($740B NII at stake) to prevent stablecoin competition, falsely claiming it would erode deposits. For tech leaders, this regulatory capture signals persistent U.S. crypto fragmentation, forcing fintech innovation offshore.

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The hard truth is that the Clarity Act is an anti-crypto bill

Clarity Act dedicates 44-77% of language to crypto intermediaries versus 2-4% to blockchain tech; shaped by $200M spending from Coinbase, a16z, Ripple, the bill stalled despite full Republican control. Regulation will favor centralized platforms over peer-to-peer networks, cementing fintech incumbents' competitive moat.

The banking lobby's bad faith campaign to kill the Clarity Act will backfire | Fortune

Confronto fonti

The banking lobby's bad faith campaign to kill the Clarity Act will backfire | Fortune

The hard truth is that the Clarity Act is an anti-crypto bill

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The hard truth is that the Clarity Act is an anti-crypto bill

Rep. Stephen Lynch warns the Clarity Act will damage the banking system and weaken the dollar

Regulators maintain authority as landmark crypto bill stalls in Senate

The banking lobby's bad faith campaign to kill the Clarity Act will backfire | Fortune

Pass the Clarity Act

Regulators maintain authority as landmark crypto bill stalls in Senate