The ICBA, a community-bank trade group, has urged the Kansas City Fed to review Kraken Financial's limited-purpose account, citing fraud and compliance risks. They seek tighter limits, suspension, non-renewal, or termination before its one-year term expires.
US banks are mounting an aggressive lobbying effort to stall the CLARITY Act, even as key US lawmakers signal a fast-tracked timeline to put the bill on the president’s desk before July 4. The legislative clash centers on the Digital Asset Market Clarity Act, a sweeping regulatory framework that cleared the House with bipartisan support […] The post Banking lobby attempts to kill Clarity Act’s stablecoin progress as markup is scheduled for next week appeared first on CryptoSlate.
