At the meeting on the Crypto Clarity Act 🇺🇸🚨
Bankers don’t want to give an inch… there was no progress on the key issue of stablecoin yields in the 🇺🇸. Their argument: stablecoin yields would destroy banks’ ability to lend to families and small businesses.
Bankers are delaying any legislation on this until the midterm elections, assuming they will secure a Democratic majority—effectively guaranteeing a NO on stablecoin yields.
