Stablecoin proposal still ‘falls short’ of protecting bank deposits: US banks

May 5, 2026 - 00:15
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Stablecoin proposal still ‘falls short’ of protecting bank deposits: US banks

Stablecoin proposal still ‘falls short’ of protecting bank deposits: US banks

US Senator Thom Tillis said the current text of the CLARITY Act offers a compromise for the crypto industry and banks and provides a bipartisan path for the bill’s passage.

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