Small Minnesota banks lead fight against crypto bill
- —Small Minnesota banks are actively opposing the crypto bill
- —Earlier, 77 banking associations demanded a ban on rewards for holding stablecoins
- —The banking sector fears deposit outflows into stablecoins
Why it matters: The banks' stance influences the final text of the CLARITY Act and stablecoin rules, with a Senate vote expected on September 15.
Source: Google News (crypto query)