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via Decrypt · By Decrypt Editorial
Banking Industry Says Clarity Act Stablecoin Proposal Would Enable 'Evasion'
OP
OP/USDT
$0.0997
+9.80%
$0.0997
+9.80%
(24s)24h Volume
$48,873,958.66
24h H/L
$0.0999 / $0.0903
Change: $0.009600 (10.63%)
Long/Short
70.7%
Long: 70.7%Short: 29.3%
Funding Rate
+0.0037%
Longs pay
Data provided by COINOTAG DATALive data
DE
Decrypt Editorial(09:47 PM UTC)
1 min read
In brief
- Top banking groups say the new Clarity Act language leaves loopholes regarding stablecoin yield.
- The compromise would ban direct yield on stablecoins but still allow some rewards tied to account balances.
- The banks' statement comes as senators prepare for a long-delayed committee vote on the Clarity Act.
A coalition of the nation’s top banking trade groups, representing Wall Street…
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