The banking industry has renewed its push for a broader ban on stablecoin rewards in the CLARITY Act ahead of the crypto bill’s markup this week. American Bankers Association (ABA) CEO Rob Nichols sent a letter to bank CEOs calling for their immediate engagement on the stablecoin loophole.
CLARITY Act: Banks Push To Close Stablecoin ‘Loophole’ Ahead of May 14 Markup
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