CLARITY Act: Banking Lobby Targets Stablecoin Bill in Crypto Policy War

Five of the most powerful banking trade groups in the United States are allegedly running a coordinated campaign to kill the CLARITY Act. This is likely happening even as Senate lawmakers lock in a committee markup for the week of May 11, which targets President Trump’s desk before July 4. The American Bankers Association, the Bank Policy Institute, the Consumer Bankers Association, the Financial Services Forum…