-
US Banks Target CLARITY Act Stablecoin Rewards in Fight Over Deposit Flight
A coalition of 78 banking groups, led by the American Bankers Association, is urging lawmakers to tighten the CLARITY Act by restricting how payment stablecoin issuers can reward users. In a letter sent to Senate leaders ahead of a July 17 hearing, the groups proposed amendments to Section 404 of the bill, which governs stablecoin rewards. The proposals focus on limiting mechanisms that banks argue could make payment stablecoins function more like deposit products. tweet The current draft of the CLARITY Act prohibits returns paid “solely” for holding stablecoins. Banking groups argue that this wording leaves ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From tradersunion.com | Jul 14, 2026
As reported by CoinDesk, three U.S. Senate Democrats, Chris Murphy, Chris Van Hollen and Jeff Merkley, use a Capitol Hill press conference to harden opposition to the crypto market structure bill unless it directly addresses what they call corruption tied to Trump's personal crypto profits. The lawmakers argue that the unresolved sticking point is a ...
Oil is flowing like never before, thanks to the awesome Power of the United States Military. A special salute to Secretary of War, Pete Hegseth, Chairman of the Joint Chiefs of Staff, Dan Caine, and Commander of the United States Central Command, Admiral Brad Cooper. Because of them, and all members of the Most Powerful Military anywhere in the World, BY FAR, the Strait of Hormuz is open to ALL Ship traffic except for Iran — and that is because of their lying, violent, malicious leadership, which is taking them down the path of TOTAL DESTRUCTION. We will therefore have a FULL Blockade, but only on Ships coming to and from Iranian ports, or carrying anything have to do with Iranian cargo. Based on highly productive conversations with Middle East leadership, I have decided to replace the 20% United States Reimbursement Fee with Trade and Investment Deals that the various Gulf States will be making into the United States. Those Investments will be MASSIVE but, at the same time, extraordinarily good for them, and their future. As everyone is aware, we have the largest Dollar Investment into the United States, of any Country in History, but these new Investments will make that Number even larger, and we will see Factories, Plants, and Equipment pour into the United States at Historic levels, which will create additional millions of High Paying AMERICAN Jobs! America is WINNING again, winning like never before. The days of Iran killing hundreds of thousands of people, including 52,000 protestors, are OVER and, most importantly, IRAN WILL NEVER HAVE A NUCLEAR WEAPON! Thank you for your attention to this matter. President DONALD J. TRUMP *TRUMP: STRAIT OF HORMUZ OPEN TO ALL SHIP TRAFFIC EXCEPT IRAN FULL BLOCKADE ON SHIPS TO OR FROM IRANIAN PORTS OR CARRYING IRANIAN CARGO REPLACING 20% US REIMBURSEMENT FEE WITH GULF STATE TRADE AND INVESTMENT DEALS IRAN WILL NEVER HAVE A NUCLEAR WEAPON $CL
IRAN'S ARMY SAYS THEY WILL RESPOND TO U.S. ATTACK - TASNIM - RTRS
