The American Bankers Association stated that there is still a lack of compromise solutions related to stablecoin yields.
The American Bankers Association stated that the proposed provisions in the cryptocurrency bill "Clarity Act" related to stablecoin income do not fully address the banking industry's concerns about the risk of deposit outflows, indicating that banks are still dissatisfied with the bill. This statement came as a surprise. Previously, including Coinbase, cryptocurrency companies claimed that this provision was a compromise consensus reached between banks and the crypto industry. With expectations of the bill's passage heating up, Coinbase's stock price rose by 6% on Monday, while Circle's stock price soared by 20%.
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