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Bank-Crypto Clash: CLARITY Act Vote Thursday
Published 2 weeks ago
Description
Banking giants and crypto leaders clash over the CLARITY Act, a crypto bill set for a Senate vote this Thursday. The American Bankers Association warns that stablecoin rules could drain deposits from traditional banks, while crypto leaders argue that banks offer near-zero interest on deposits. Recent polls show growing bipartisan support for the bill, which could reshape digital dollars and everyday savings.
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