CryptoCoinDeskabout 3 hours ago
Stablecoin yield clash threatens Clarity Act
1 min read
Bank lobbyists, including JPMorgan Chase, are pressing Congress to restrict stablecoin rewards, threatening the Clarity Act's passage. The GENIUS Act currently bans issuers from offering yield, but exchanges like Coinbase, Kraken, and Gemini offer rates above 3.5%, while Chase savings accounts pay 0.01%.
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