Banking associations urge Senate to tighten stablecoin yield bans in Clarity Act

  • Banking associations urged the Senate to tighten stablecoin yield bans.
  • The proposed restrictions are included in the Clarity Act.
  • POLITICO reported the banking groups' appeal to senators.

Major banking associations are urging the U.S. Senate to tighten stablecoin yield bans included in the Clarity Act, according to POLITICO. The appeal places proposed limits on returns linked to stablecoins at the center of banking groups' concerns over the legislation.

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