Crypto, banks need to be a ‘bit unhappy’ for bill to advance - Senator

U.S. Senator Angela Alsobrooks (D-MD) has called for compromise to break the legislative deadlock on the CLARITY Act, a major crypto market structure bill. Speaking at an American Bankers Association summit this week, Alsobrooks stated that both crypto and banking lobbyists will "probably walk away just a little bit unhappy" if they want to reach a deal. The primary sticking point remains "stablecoin rewards"—banks fear these yields will cause mass deposit flight, while the crypto industry argues that a ban would stifle innovation and competition.