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BSCN·2026-05-11 19:29

BANKING LOBBY MOUNTS SUNDAY BLITZ TO KILL CLARITY ACT STABLECOIN COMPROMISEAmerican Bankers Association CEO Rob Nichols (@BankersPrez) emailed every member bank CEO in the country on Mother's Day, urging "immediate engagement" against the CLARITY Act's stablecoin yield language, three days before Thursday's Senate Banking Committee markup.Nichols said the bill would "unnecessarily incentivize the flight of bank deposits into payment stablecoins" and asked CEOs to mobilize employees to call senators.Pushback ...

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