American Bankers Attempt Last Ditch Effort To Kill Crypto Market Structure Bill Regarding Stablecoins

American Bankers Attempt Last Ditch Effort To Kill Crypto Market Structure Bill Regarding Stablecoins American Bankers Association (ABA) CEO Rob Nichols sent an emergency Sunday letter to every bank CEO in the country, urging “immediate engagement” against what he called a stablecoin yield loophole in the Digital Asset Market Clarity Act, days before a Senate Banking Committee markup scheduled for Thursday. The letter, dated May 11 — Mother’s Day — and addressed to ABA member ba...

By Tyler Durden