Bankers Say CLARITY Act Stablecoin Provisions Still Flawed

Bankers Say CLARITY Act Stablecoin Provisions Still Flawed

America’s largest banking groups said they remain dissatisfied with the CLARITY Act’s newly proposed language on stablecoin yield, arguing that it fails to protect bank deposits. In a statement Monday, the bankers acknowledged that US Senators Thom Tillis and Angela Alsobrooks are “seeking to achieve the correct policy goal” in prohibiting stablecoin yield but noted that the CLARITY Act’s “proposed language” currently “falls short of that goal.”…

Stablecoin Proposal Still 'Falls Short' Of Protecting Bank Deposits: US Banks Say

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Banks reject US stablecoin compromise, public shrugs at crypto

Crypto firms are pushing a stablecoin compromise to revive stalled U.S. legislation, but banks resist, while the public remains indifferent. The post Banks reject US stablecoin compromise, public shrugs at crypto appeared first on CoinGeek.

Banks Reject Stablecoin Yield Compromise, Demanding Stricter Crypto Limits - Invest In Crypto News

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Banks Reject Stablecoin Yield Compromise, Demanding Stricter Crypto Limits

A group of banking associations has recently addressed the public draft of the Clarity Act, which “falls short” of prohibiting the payment of yield and interest on stablecoins. The issue has created a divide among banks, with some supporting and others rejecting the proposal. Key Takeaways: Rejecting the Digital Asset Market Clarity Act over a […]

CLARITY Act Senate Vote Targeted for May 2026 — What the Stablecoin Yield Compromise Means for Crypto – CryptoGazette

The U.S. Senate is closer than ever to passing landmark crypto market structure legislation, with the bipartisan CLARITY Act now clearing a critical sticking point over stablecoin yield rules. Senators Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.) released a compromise text last week that has drawn broad industry support and pushed a Senate Banking Committee markup into May — positioning the bill for a potential floor vote before summer rec…