Banks Still Oppose Settlement of the CLARITY Act Law Regarding Stablecoins.



Major American banking trade groups said that the new amendment concerning stablecoin yields "does not meet the required standards," even though some senators indicated that the agreement is nearly finalized.

Under the latest settlement, crypto companies will be prohibited from paying interest or yields just for holding stablecoins, while rewards related to activity will be allowed.

Banks believe that this amendment is still insufficient.

The banks added: It is essential for Congress to get this right...
#WCTCTradingKingPK #USSeeksStrategicBitcoinReserve #BitcoinETFOptionLimitQuadruples $BTC $PEPE
BTC1%
PEPE3.02%
View Original
post-image
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin