• The CLARITY Act, a bill regulating stablecoins, contains a loophole that could allow crypto exchanges to offer interest-like yields.
• Critics argue this could pull over a trillion dollars from traditional bank deposits, potentially reducing lending activity by $850 billion.
• Community banks, which hold a majority of agricultural loans, could be disproportionately affected, impacting farmers and ranchers in states like Kansas.
• U.S. Sen. Jerry Moran, R-Kansas, has stated he will not support the bill in its current form due to its potential negative consequences on local banks.

Right now, there’s a fight taking place in Congress over a piece of legislation that could quietly make life significantly harder for farmers…