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via Decrypt · By Decrypt Editorial
Banking Industry Says Clarity Act Stablecoin Proposal Would Enable 'Evasion'
OP
OP/USDT
$0.0885
-0.45%
$0.0885
-0.45%
(24s)24h Volume
$34,248,554.48
24h H/L
$0.0910 / $0.0871
Change: $0.003900 (4.48%)
Long/Short
57.5%
Long: 57.5%Short: 42.5%
Funding Rate
+0.0056%
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…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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