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Patrick Witt Says Banks Oppose CLARITY Act Despite Stablecoin Interest Ban
Patrick Witt criticized U.S. banks after 134 banking executives and leaders urged the Senate to revise the CLARITY Act’s stablecoin provisions. The dispute centers on Section 10404, which restricts interest…
Wire content from CoinGape
Banks seek tighter CLARITY Act stablecoin reward limits as Patrick Witt says the bill already bans payment of interest on stablecoins today.
This article originally appeared on CoinGape. Read the full article at the source: https://coingape.com/patrick-witt-says-banks-oppose-clarity-act-despite-stablecoin-interest-ban/
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