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U.S. Crypto Bill in Crisis: Banks Reject White House Deal as $500B Deposit Risk Looms
The future of the American digital asset economy is at a critical point. On Thursday, March 5, 2026, the CLARITY Act, considered the most important crypto market-structure bill in U.S. history, reached a major deadlock. Even after the White House stepped in, the U.S. banking lobby rejected a compromise on stablecoin rewards, leading to a public clash with President Donald Trump. At the heart of this “Yield War” is a staggering $500 billion risk to the traditional banking system. According to a landmark analysis from Standard Chartered, unrestricted stablecoin rewards could siphon half a trillion dollars in ... (full story)
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