🇺🇸JUST IN: The banking lobby is escalating its opposition to CLARITY’s stablecoin provisions.
8 banking groups say the bill’s new deposit-flight safeguard is inadequate, calling for broader limits on interest-like stablecoin rewards.
WH Crypto Adviser Patrick Witt says stablecoin rewards have existed for years while bank deposits have continued to grow, adding:
“If Clarity fails, banks get none of these protections.” 👀$DOT
$CL
$QQQ
8 banking groups say the bill’s new deposit-flight safeguard is inadequate, calling for broader limits on interest-like stablecoin rewards.
WH Crypto Adviser Patrick Witt says stablecoin rewards have existed for years while bank deposits have continued to grow, adding:
“If Clarity fails, banks get none of these protections.” 👀$DOT
$CL
$QQQ
