8 Major US Banking Groups Call for Tighter Stablecoin Rules in Clarity Act
Eight major U.S. banking trade groups are pressing Senate leaders to further restrict stablecoin rewards in the Clarity Act according to Decrypt, warning that the current draft leaves open loopholes that could enable interest‑like payments and siphon…
Clarity Act Chaos? Automating Compliant Crypto Yield with AI
The U.S. Senate is moving to unbanned passive stablecoin yield from every regulated platform in the country, as the industry is already engineering its way around it. The CLARITY Act has previously extended a yield prohibition that the earlier Genius Act…
FOP Challenges Major CLARITY Act Provision, Warns of Potential Impact on Crypto Enforcement
The National Fraternal Order of Police (FOP), the largest law enforcement group in the U.S., opposed a part of the CLARITY Act in a letter to lawmakers. Signed by President Patrick Yoes, the group strongly opposes Section 604, a specific provision of the…