Bank associations and U.S. attorneys general oppose CLARITY Act
- —8 banking associations demand removal of loopholes for stablecoin interest payments in section 10404
- —Attorneys general of 18 states oppose expanding SEC powers and federal preemption over states
- —Crypto fraud losses in the U.S. reached $11.4 billion in 2025, up 22%
- —Senate vote on the CLARITY Act is scheduled for September 15
Why it matters: The outcome of the September 15 vote will determine the structure of U.S. market regulation and the rules for stablecoin yields.
Source: CoinGape