Citigroup CEO Jane Fraser backs stablecoin legislation despite concerns over Clarity Act rewards

Citigroup CEO Jane Fraser said stablecoin legislation would be beneficial overall even though she has concerns about how the Clarity Act treats stablecoin rewards. The bill is scheduled for a procedural vote next month, and Fraser indicated support for continuing to push the legislation forward. Her comments suggest backing for a broader regulatory framework for stablecoins, while signaling that specific provisions may still face debate as the measure advances.

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