Senator Lummis urges passage of CLARITY Act, says stablecoins not driving community bank deposit flight
Senator Cynthia Lummis publicly stated that stablecoins are not driving deposits out of community banks and urged lawmakers to pass the CLARITY Act, saying 'killing the CLARITY Act won't help.' She also slammed bank complaints over CLARITY Act stablecoin rules, citing the ban on interest-like rewards and FDIC marketing.
Detected & updated continuously · Source: Nebula
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@DeFiMidas
🚨BREAKING: SENATOR CYNTHIA LUMMIS SAYS STABLECOINS ARE NOT DRIVING DEPOSITS OUT OF COMMUNITY BANKS SHE SAYS LAWMAKERS SHOULD PASS THE CLARITY ACT "KILLING THE CLARITY ACT WON'T HELP" https://t.co/JSWIXMDavp
@blckchaindaily
🚨 SENATOR LUMMIS SLAMS BANK COMPLAINTS OVER CLARITY ACT STABLECOIN RULES, CITING BAN ON INTEREST-LIKE REWARDS AND FDIC MARKETING
@Eze_Wilberforce
🚨 JUST IN: Senator Lummis shuts down the bank deposit fear. Stablecoins are not causing community bank deposit flight. The data proves it. She urges lawmakers: Pass the CLARITY Act. “Killing the Clarity Act won’t help.” https://t.co/8VADBdDW54