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BSCN·2026-04-20 08:40
WHITE HOUSE BLASTS BANKS OVER CLARITY ACT STABLECOIN FIGHTWhite House digital assets official, Patrick Witt, has sharply criticized banks opposing stablecoin yield provisions, per CryptoSlate.He accused financial institutions of acting out of “greed or ignorance.”The remarks target lobbying efforts against yield-bearing stablecoins in the CLARITY Act.A bipartisan compromise aims to ban passive yield while allowing activity-based rewards.Banks argue even limited yield models could disrupt the deposit system. ...