Christian โ๏ธ Patriot ๐บ๐ธ Crypto ๐ฏ - ๐ ๐ฎ๐ฑ
28.6K posts

Christian โ๏ธ Patriot ๐บ๐ธ Crypto ๐ฏ - ๐ ๐ฎ๐ฑ
@_bpoker
The Bible is an anvil on which many hammers have been broken However, its enemies never tire of attempting to make some impression on it ๐ก๏ธ No DMs!





๐จNEW: As the clock ticks down to a markup of the Clarity Act in the Senate Banking Committee, the North Carolina Bankers Association (a state trade group) has been urging member banks to call into @SenThomTillisโs office to weigh in on the stablecoin yield debate. Per an email shared with me by an employee at a small Wilmington-based bank, circulated by leadership this week on behalf of @NCBankers, the current compromise stablecoin yield text โdoes not accomplish the goalโ of mitigating deposit flight to stablecoins. It then encourages employees to call Tillisโs office using the following pre-written message: โThe CLARITY (sic) Act must include an airtight prohibition on payments for stablecoins acting as a store of value by clearly barring any interest or yield-like payments tied to the holding, retention, or balance of payment stablecoins โ without carve-outs that can be met through nominal activity or loyalty programs.โ The email adds that employees donโt need to answer questions or defend their positions. โSimply state your message and youโll be thanked for your call. Itโs that easy.โ The development tracks with recent reports that banks are growing increasingly restless with the current stablecoin yield compromise and are making a last-minute push for changes.





















