Armstrong: Banks May Lobby for CLARITY 2.0 Crypto Bill
- —Armstrong said banks may lead lobbying for CLARITY 2.0
- —Legal constraints on banks in crypto custody are the key driver
- —Bank lobbying previously contributed to failure of similar efforts
- —Armstrong cited bank pushback on Coinbase stablecoin rewards
Why it matters: The bill could reshape US crypto custody rules and shift the balance of power between banks and exchanges.
Source: Coinfomania