Community banks are pressing Senate Republicans to change the CLARITY Act, warning that stablecoin rewards still allowed for payments could draw funds from deposits and erode local lenders' ability to make loans. The concern has resurfaced even though rewards for holding stablecoins were removed from the current bill after a compromise between banks and the crypto industry. Weeks of lobbying have helped sway some Republicans, and Senators Josh Hawley and Jerry Moran say they will oppose the legislation unless it is amended. An unresolved ethics provision under negotiation with the White House adds to doubts over whether the bill can clear a September vote filed by Senate Majority Leader John Thune.