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US banking groups push back on stablecoin yield provisions in CLARITY Act ahead of July 17 hearing
The American Bankers Association (ABA) and state banking groups sent a joint letter calling for greater clarity on stablecoin yield provisions in the CLARITY Act, ahead of a House hearing scheduled for July 17. The groups expressed concern that vague language in the bill could pose risks to financial stability. The CLARITY Act is one of the key pieces of US crypto regulation currently advancing through Congress.
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