Banks reject crypto bill compromise, imperiling legislation

thehindu.com [$]

Banks have rejected a White House-backed crypto bill compromise, jeopardizing its passage and drawing criticism from President Trump. The bill aims to create clear crypto regulations, but banks oppose provisions allowing crypto firms to offer yield-bearing products, fearing deposit flight. The impasse raises doubts about the bill's future, with limited Senate time and upcoming elections potentially closing the legislative window.


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Banks reject crypto bill compromise, imperiling legislation | News Minimalist