White House reveals US banks ‘refused’ to attend meetings to resolve stablecoin rewards issue in CLARITY Act
White House says banks skipped stablecoin talks as CLARITY Act debate sharpens over rewards, yield, and payment rules.
Follow crypto banking news, de-risking, stablecoin rails, fintech partnerships, and how traditional finance is adapting to digital assets.
A long-delayed Senate vote is nearing, but Democratic demands for conflict-of-interest language could disrupt the bill’s bipartisan path.
Morgan Stanley and Charles Schwab are racing to put direct crypto trading inside major brokerage platforms, leaving open the question of what they are preparing for.
US banks say stablecoin-reward language still leaves loopholes, while lawmakers argue the compromise is needed to move the CLARITY Act forward.
The new Tillis-Alsobrooks language just dropped, and it could decide whether the bill finally escapes committee or stalls again.
Coinbase’s CUSHY strategy is a bet that stablecoins can aim for tokenized institutional credit.
Visa’s stablecoin settlement pilot now spans nine blockchains and a $7 billion annualized run rate across payment infrastructure.