JUST IN: ABA CEO SAYS CRYPTO & BANKING “CAN CO-EXIST” UNDER THE CLARITY ACT 🇺🇸
Rob Nichols says there is “a lot of good” in the bill, including federal oversight for digital assets and support for U.S. innovation.
The ABA’s main concern is stablecoin yield, which it warns could pull deposits from banks and weaken lending.
Nichols says the group is seeking only “tiny surgical edits” to the 600-page bill 👀
#ClarityActOdds
Rob Nichols says there is “a lot of good” in the bill, including federal oversight for digital assets and support for U.S. innovation.
The ABA’s main concern is stablecoin yield, which it warns could pull deposits from banks and weaken lending.
Nichols says the group is seeking only “tiny surgical edits” to the 600-page bill 👀
#ClarityActOdds