Techub News: According to Decrypt, the United States’ top banking trade group issued a statement on Friday saying that the latest compromise draft of the “Clarity Act” has loopholes regarding stablecoin yield, allowing crypto companies to circumvent the ban in the form of “rewards” and thereby compete with traditional bank deposits. The group represents major banks and community banks across the U.S. In a letter to the Senate Banking Committee, it noted that the draft’s reward provisions linked to account balances are overly broad, calling for the removal of any reference to the ability to offer rewards tied to account balances, and proposing to change the wording that would prohibit “economically or functionally equivalent to” yields to a prohibition on “substantially similar to” yields.