Banks in the U.S. Are Starting to Fear the Crypto Regulation – They’re Taking Action
As the countdown continues for the CLARITY Act, a critical bill regulating cryptocurrencies in the US, a notable move has come from the banking sector. According to information shared by journalist Eleanor Terrett, banks, particularly those based in North Carolina, have begun to directly intervene in the debate surrounding stablecoin yields. An email sent by the North Carolina Bankers Association to its member banks revealed serious concerns within the sector regarding the current consensus document. According to the email, shared by an employee of a small Wilmington-based bank, the current stablecoin “yield” regulation falls short of its goal of preventing…
