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Banks pushed Congress to kill stablecoin yield with CLARITY Act – Coinbase may have found the loophole

CryptoSlate·
Banks pushed Congress to kill stablecoin yield with CLARITY Act – Coinbase may have found the loophole
AI Analysis

The CLARITY Act aims to prevent crypto companies from offering high yields on stablecoins to protect traditional banks from losing deposits. However, Coinbase may have identified a loophole that could allow it to continue offering such yields despite the legislation.

Key Topics

CoinbaseCLARITY ActstablecoinsUS banks

Originally reported by CryptoSlate. Read the full article ↗

Banks pushed Congress to kill stablecoin yield with CLARITY Act – Coinbase may have found the loophole | AI Crypto Daily Wire