American Bankers Attempt Last Ditch Effort To Kill Crypto Market Structure Bill Regarding Stablecoins
American Bankers Association CEO Rob Nichols urged bank leaders to lobby against stablecoin yield provisions in the Digital Asset Market Clarity Act before Senate markup. The bipartisan bill establishes federal crypto regulations, resolving SEC-CFTC jurisdiction issues. Banks oppose yield provisions fearing $6.6 trillion deposit outflows, but the White House estimates minimal impact. Senate votes Thursday.
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The biggest consensus overhaul in Solana history is officially live for testing
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