CLARITY Act Markup Raises Stakes in Stablecoin Banking Clash

A U.S. senator criticized bank opposition to stablecoin legislation before a committee session, saying the American Bankers Association sought immediate engagement from bank CEOs. He framed the dispute as a fight over competition, yields, and control. US Senator Blasts Bank Pushback on Stablecoin Bill Senator Bernie Moreno (R-Ohio), a member of the U.S. Senate Committee []