CLARITY Act Faces Growing Pressure Over Stablecoin Rewards and Bank Deposits

CLARITY Act controversy has reached its peak as lawmakers, community banks, and heads of the cryptocurrency industry clash on whether stablecoin incentives could take money away from small US banks. The proponents of stablecoins insist that the available data about banking activities proves that no such process takes place. However, Senator Cynthia Lummis disagreed with […]