Key Takeaways:
Senator Moreno criticized banks for intensifying opposition before a Senate stablecoin legislation session. Stablecoin supporters say the bill could expand competition and improve customer yields.Lawmakers are set to consider whether the CLARITY Act advances through committee action.“For decades, these banks have treated your deposits like their personal piggy bank, paying you next to nothing while lending YOUR money out for massive profits and executive bonuses.”
CLARITY Act Markup Adds Pressure to Crypto Debate“Hands off the people’s money. Let Americans choose real competition and better returns … I’m voting to break the cartel.”
