A coalition of 78 banking groups, led by the American Bankers Association, is urging lawmakers to tighten the CLARITYAct by restricting how payment stablecoin issuers can reward users ... in Clarity Act.
ABA and state banking associations published a joint letter calling for more detail on the CLARITYAct’s stablecoin yield provisions, ahead of the bill’s House hearing on July 17 ... .