The bankers want people kept in lower-yield deposits for the good of the financial system as it's existed for generations, and their argument is gaining ground. The crypto industry thought it left the debate settled over whether it would be allowed to offer rewards to people using stablecoins, but banking lobbyists came back to undermine an earlier compromise effort, leaving the Clarity Act on shaky ground. The question at the heart of the banks’ argument, that depositors will run to stabl…
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