Community banks and crypto industry ‘are allies’ in CLARITY Act debate: Exec

If the crypto industry and community banks cannot find common ground on the CLARITY Act, the only winners will be the “big banks,” according to crypto executive Austin Campbell.

A crypto executive has pushed back against claims by the president of a community banking association that any compromise between the banking sector and the crypto industry on the US CLARITY Act would be a mistake.

“If community banks and crypto can't find a way to work together, we already know who the winners are. It's not the community banks. It's not consumers. It's not the crypto industry,” Zero Knowledge Consulting founder Austin Campbell said in an X post on Friday.

“It is the big banks,” Campbell said.

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