Negotiations over a major U.S. crypto bill have hit an impasse. Large banks say they cannot support a White House compromise on stablecoin “rewards,” raising doubts the legislation will clear Congress this year. The fight matters for payments because stablecoins are typically dollar-linked tokens used for digital transfers.
In an analysis carried by Yahoo Finance, Reuters reported March 5 that talks on the Clarity Act stalled after lenders rejected the compromise. President Donald Trump criticized banks on Truth Social and said he would not let them “undermine” his crypto agenda. The bill had already become bogged down in January, Reuters said, when banks opposed language that would let stablecoin issuers and crypto…
