U.S. CLARITY Act stablecoin bill faces May delay amid bank pushback
U.S. CLARITY Act stablecoin bill faces May delay amid bank pushback
U.S. CLARITY Act’s April committee review hangs in the balance as Senate Banking juggles Fed chair hearings and crypto legislation.Banking groups lobby hard against stablecoin yield, clashing with a White House report that pegs lending impact at just 0.02%.White House crypto adviser Patrick Witt publicly calls banks “greedy or ignorant” as pressure mounts to stop stalling the bill.