The American Bankers Association is seeking to strengthen, not block, the CLARITY Act while pushing for tighter language on stablecoin-related rewards. ABA President Rob Nichols said the digital-asset industry needs a clear regulatory framework, but argued the bill should be revised so crypto exchanges or other entities cannot offer interest-like payments that would mirror returns on bank deposits. The GENIUS Act already bars stablecoin issuers from paying interest or yield to holders, and Nichols said the current debate is whether other market participants could provide similar incentives. The banking group warns that if such mechanisms pull money from bank deposits, they could weaken funding for small-business lending, mortgage lending and agricultural finance. Nichols said the association is urging senators to amend the relevant provisions before a September vote, while maintaining that the United States can remain a global financial hub and also become a crypto hub under clear and consistent rules.