American Bankers Association opposes stablecoin yields and releases related poll

The American Bankers Association opposes the stablecoin provisions in the Clarity Act and has released a poll showing that 30% of American adults plan to buy or use digital assets within a year. The association stated that if stablecoin returns threaten U.S. lending and community banks, they should be prohibited. Currently, the association is lobbying to amend the latest version of the Clarity Act, but the Senate has only a few weeks left to pass the bill and send it to President Trump for signature.