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American Bankers Association CEO makes final-hour push for tightened limits on stablecoin rewards ahead of Senate committee vote

TB
The Block Editorial
(02:18 PM UTC)
1 min read
EW
Updated byEmily Watson

Days before a key Senate committee is scheduled to vote on landmark cryptocurrency legislation, American Bankers Association CEO Rob Nichols sent a letter to bank executives urging them to contact their senators, warning in a letter Sunday night that the industry faces an "urgent advocacy fight that requires your immediate engagement."

In a letter sent to bank CEOs, Nichols argued that the bill…

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