Six major banking trade groups in the United States issued a statement on Friday opposing the compromise language proposed in the Clarity Act. They believe the language contains loopholes that could allow cryptocurrency companies to circumvent restrictions on stablecoin yields. The groups, representing nationwide and community banks across all 50 states, submitted a letter to the Senate Banking Committee expressing concern: including rewards linked to account balances and exceptions for participation in governance would weaken the original regulations aimed at banning stablecoin yields. The compromise plan was drafted by Senators Thom Tillis and Angela Alsobrooks, which would prohibit direct yield payments but allow certain rewards. The banking alliance stated that this could be circumvented through structured projects similar to money market funds or payments triggered by balances.