The largest banks in the United States are working on a tokenized deposit network that is intended to launch in the first half of next year through their co-owned payment network company Clearing House, according to a report in The Wall Street Journal. Specific banks involved in the project include JPMorgan Chase, Citigroup, Wells Fargo, and Bank of America. The move is seen as a response from the banking industry over the growth in stablecoins in recent years, which are the specific kind of dollar-pegged crypto token that has been at the center of a feud between the crypto and banking industries regarding specific language that will be included in the crypto regulatory bill making its way through the Senate, known as…