Banks are quietly pushing to fix — not kill — the Clarity Act, arguing that vague language around stablecoins could let crypto rewards mimic bank deposits and undermine FDIC protections. They’re proposing simple tweaks to clarify what counts as “interest,” aiming to preserve innovation while preventing destabilizing competition. Crypto critics mischaracterize this as sabotage, but banks say they’ve always supported the bill’s core goal — just need clearer rules to make it work.
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