9/9/26
Joint Letter Urging the Senate to Amend the Clarity Act
ICBA, ABA, and state banking associations sent a letter to members of the Senate urging them to amend Section 10404 of the Clarity Act. ICBA and the other groups said Section 10404's prohibition on stablecoin payment of interest, yield, and rewards must be strengthened to preserve community financial institution deposits and local lending to small businesses, farmers, and families.