ABA, ICBA, and 76 state banking associations urged Senate leaders to tighten provisions on stablecoin yields in the Clarity Act. According to NS3.AI, the groups said Section 404 could allow rewards that would make payment stablecoins substitutes for bank deposits.
The bill is on the Senate calendar and is awaiting a floor vote.
Banking Groups Urge Senate to Tighten Stablecoin Yield Rules in the Clarity Act
2026-07-14 09:30:32
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