Citigroup CEO Jane Fraser backs Clarity Act stablecoin legislation despite reward concerns
Citigroup CEO Jane Fraser publicly backed the Clarity Act stablecoin legislation in a Fox Business interview, saying she believes the bill would be beneficial overall despite concerns about its treatment of stablecoin rewards on deposits. The Clarity Act is scheduled for a procedural vote next month, and Fraser said Citigroup has not given up on pushing for changes.
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@WizzyOnChain
JUST IN: Citigroup CEO Jane Fraser backs crypto legislation and reveals stablecoin ambitions. Major traditional bank signaling institutional shift toward regulatory clarity. Wall Street moving from skeptic to architect. https://t.co/1ALWhOJdjz
@TheBlockCo
NEWS: As the Clarity Act is up for a procedural vote next month, Citigroup CEO Jane Fraser says that while she has concerns about the bill’s treatment of stablecoin rewards, she believes legislation would be beneficial overall. "So, we have not given up on pushing to get some https://t.co/Svt6dZ7kPZ
@BSCNews
Citigroup's Fraser backs Clarity Act passage despite stablecoin reward concerns Fraser said in a Fox Business interview today that she wants "a good bill" passed while still pushing for changes. She warned rewards on deposits could reduce banks' capacity to lend in areas neither https://t.co/ttYsflKfHf