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Moreno Says Banks Are in Panic Over CLARITY Act Stablecoin Yield Language

2026-05-11 17:25:53

Abstract generation in progress

Senator Bernie Moreno said the banking lobby is in panic mode over CLARITY Act stablecoin yield language before the Senate Banking Committee’s Thursday markup at 10:30 a.m. ET. ABA CEO Rob Nichols urged bank CEOs to pressure senators against the provision, arguing it could pull deposits into payment stablecoins. Polymarket bettors now give the bill a 73% chance of becoming law this year.

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