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White House accuses banks of ‘hijacking’ crypto bill

White House accuses banks of ‘hijacking’ crypto bill

The White House keeps hounding banks over their opposition to stablecoin ‘rewards,’ but bankers say the public supports their view, while Binance is taking a dim legal view of the Wall Street Journal’s reporting.

With the Senate Banking Committee’s digital asset market structure legislation (CLARITY Act) stuck in neutral for nearly two months now, the White House is ratcheting up the pressure on the banking sector to relax its opposition to digital asset platforms…

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