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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