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⛓️ Crypto🔴 BearishImportance 7/10

CLARITY Act Still Faces Push From Banks as Yield Fight Stalls Deal

BeInCrypto|Mohammad Shahid||1 views
🤖AI Summary

The CLARITY Act stablecoin negotiations stalled over the weekend despite White House efforts to broker a breakthrough. Banking representatives and crypto lobbyists remain divided on key issues around stablecoin yield generation, leaving the crypto market structure bill far from a final deal.

Key Takeaways
  • White House attempted to facilitate breakthrough on CLARITY Act stablecoin negotiations over the weekend but failed to reach agreement.
  • Banking representatives and crypto lobbyists remain fundamentally divided over stablecoin yield generation policies.
  • The crypto market structure bill is still far from reaching a final deal according to sources close to the talks.
  • Stablecoin yield negotiations have become a major sticking point in advancing the legislation.
  • Traditional banking sector continues to push back against certain crypto regulatory framework proposals.
Read Original →via BeInCrypto
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