CLARITY Delay Keeps Stablecoin Rewards Debate Open as Banks Warn on Deposits

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The CLARITY Act has stalled in Senate Banking deliberations, leaving the stablecoin rewards debate unresolved as the ABA warns that up to $6.6 trillion in deposits could be at risk. The White House Council of Economic Advisers said eliminating stablecoin yield would increase bank lending by about $2.1 billion and impose an $800 million net welfare cost.

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