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Bank Trade Groups Say Stablecoin Reward Compromise ‘Falls Short’
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Bank Trade Groups Say Stablecoin Reward Compromise ‘Falls Short’

The Information·Yueqi Yang·28 days ago
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Banking trade groups said the proposed language on stablecoin yield in the crypto bill, the Clarity Act, “falls short of” addressing their concerns around the risk of deposit flight, suggesting they are not yet satisfied with the bill. The statement is a surprise given that crypto companies, including Coinbase, have touted the language as a compromise reached between banks and crypto groups.

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