Banking groups escalate fight over stablecoin yield ahead of Senate vote

CoinDesk Staff

(02:43 PM UTC)

1 min read

The American Bankers Association amplified warnings the Senate’s Clarity Act could push deposit flight into stablecoins unless lawmakers tighten yield limits.

The American Bankers Association (ABA) is mounting an aggressive lobbying push against portions of the Senate’s Digital Asset Market Clarity Act ahead of a scheduled Banking Committee markup on Thursday, warning lawmakers that stablecoin…

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