Defi
Bank Groups Say CLARITY Act’s Stablecoin Circuit Breaker Is ‘Not a Safeguard at All’
Coinpedia·September 15, 2026·1 min read
Eight major banking groups warn the revised CLARITY Act's stablecoin circuit breaker is 'not a safeguard at all.' They say it could create risk if stablecoin rewards work like bank interest, and may come too late to stop deposit losses. A key Senate vote is set for 15 September.
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