CryptoBearishcrypto.news · 3h ago7/10
⛓️
Why the banking industry is fighting a crypto bill
The American Bankers Association launched a major lobbying campaign against the CLARITY Act, sending 8,000 letters opposing a stablecoin provision that would allow these digital assets to generate yield. The banking industry views stablecoin yields as a direct threat to traditional bank deposits, their core revenue model.
