#icbaopposesclarityactoverstablecoinloophole The Independent Community Bankers of America is strongly opposing the CLARITY Act. They argue that current stablecoin rules leave a dangerous loophole. This flaw could let crypto companies offer interest rewards on payment stablecoins. Banks warn this might pull trillions of dollars away from traditional savings. If everyday depositors move their money to crypto platforms, local banks will have less cash to fund small business loans and mortgages. Leaders demand a total ban on these rewards before the upcoming Senate vote.

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