Banks Say Stablecoin Yield Language Falls Short, Senator Tillis Disagrees

Five US banking lobbies issued a joint statement saying the proposed language on stablecoin yield in the Clarity Act falls short of its goal of protecting bank deposits. The five trade groups backed the senators’ goal but demanded stronger text. It included the American Bankers Association, the Bank Policy Institute, the Consumer Bankers Association, the The post Banks Say Stablecoin Yield Language Falls Short, Senator Tillis Disagrees appeared first on BeInCrypto.