North Carolina bankers push Tillis on stablecoin yield restrictions
North Carolina bankers are urging calls to Thom Tillis for an airtight stablecoin-yield ban before Senate Banking marks up the Clarity Act, and Patrick Witt called further lobbying "greed or ignorance."
From the sources (3 posts)
@eleanorterrett🚨NEW: As the clock ticks down to a markup of the Clarity Act in the Senate Banking Committee, the North Carolina Bankers Association (a state trade group) has been urging member banks to call into @SenThomTillis’s office to weigh in on the
@eleanorterrettRT @BrendanPedersen: Latest on stablecoin talks: Some banking trade associations have begun taking their concerns about the latest version…
@cryptodotnewsJUST IN: White House crypto adviser Patrick Witt says the Tillis-Alsobrooks stablecoin yield compromise already addresses deposit flight concerns head-on and calls further bank lobbying on the Clarity Act “greed or ignorance”