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ICBA Demands Full Stablecoin-Yield Ban in CLARITY Act, Citing $1.3T Bitcoin (BTC) Market Risk

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ICBA warns the CLARITY Act's stablecoin-yield exception could drain $1.3T in deposits and cut local lending by $850B, with a Senate vote set for September 15.

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ICBA Demands Full Stablecoin-Yield Ban in CLARITY Act, Citing $1.3T Bitcoin (BTC) Market Risk
CoinOtag 2h ago

ICBA Demands Full Stablecoin-Yield Ban in CLARITY Act, Citing $1.3T Bitcoin (BTC) Market Risk

ICBA warns the CLARITY Act's stablecoin-yield exception could drain $1.3T in deposits and cut local lending by $850B, with a Senate vote set for September 15.