Clarity Act banks warn over the gray area surrounding stablecoin rewards

Seventy-six banking groups, led by the American Bankers Association and the Independent Community Bankers of America, urged the Senate on Monday, July 13, to amend the Clarity Act before its vote. They point to a "loophole" in section 404 that would allow platforms to pay, in the name of the reward, yields equivalent to bank interest on stablecoins. L’article Clarity Act banks warn over the gray area surrounding stablecoin rewards est apparu en premier sur Cointribune.