Crypto Bill Hits New Impasse as Banks Reject White House Stablecoin Compromise

TLDR: Banks rejected the White House compromise on stablecoin rewards, stalling the Clarity Act negotiations once again.  Standard Chartered warned stablecoins could pull nearly $500 billion from U.S. bank deposits by end of 2028.  Trump publicly accused banks of trying to undermine his crypto agenda via Truth Social on Tuesday evening.  Industry leaders warn that [...]

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