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#BTCBreaks82000 American Banks VS Crypto Industry…
Rob Nichols, CEO of the American Bankers Association (ABA), sent a letter to all U.S. bank leaders.
The essence: it is proposed to block the current version of the CLARITY Act bill, which will be put to a vote in the U.S. Senate Banking Committee this Thursday.
The current version of the crypto market structure bill is not strict enough and allows crypto companies to offer interest rewards on stablecoins – this could trigger capital outflows from traditional banks + threaten the financial stability and economic growth of the U.S.