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CLARITY Act: Banking Trade Groups Push For Yield Agreement Revision – Details

US banking trade groups have called for an amendment to the stablecoin yield compromise in the highly anticipated CLARITY Act. This statement comes ahead of an expected markup on the crypto legislation next week. After months of negotiations, legislators, crypto industry players, and US banks reached an agreement on how to adopt stablecoin yield under […]

May 10, 2:00 AM

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US banks reject CLARITY Act stablecoin deal days before Senate vote

The US banking lobby is mounting a last-minute push to stall the CLARITY Act just days before its scheduled Senate Banking Committee markup on May 14. The American Bankers Association, the Bank Policy Institute, the Consumer Bankers Association, the Financial…

May 9, 3:28 PM

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CLARITY Act: Banking Trade Groups Push For Yield Agreement Revision – Details

US banks reject CLARITY Act stablecoin deal days before Senate vote