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  1. The House passed a crypto market structure bill while Trump championed federal stablecoin legislation awaiting Senate consideration.
  2. The Senate passed a Stablecoins bill, leading to increased competition and momentum in the digital currency space.

Banks, including JPMorgan Chase, are lobbying the Senate to ban yield-generating stablecoins, warning that such yields could cause a shadow banking crisis.

2 reports, 2 independent Updated Jul 14
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What happened

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Banks, including JPMorgan Chase, are lobbying the Senate to ban yield-generating stablecoins, warning that such yields could cause a shadow banking crisis.

Who's involved

What this event is mainly about
American Bankers AssociationsenateJPMorgan Chase

How it developed

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  1. Lobbying efforts intensify as banking groups demand specific provisions and banking charters within the Clarity Act.1 source
  2. Banks warn stablecoin yields could cause a shadow banking crisis, prompting Senate compromise.1 source

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Part of

The Senate passed a Stablecoins bill, leading to increased competition and momentum in the digital currency space. All 1 developments

Within The House passed a crypto market structure bill while Trump championed federal stablecoin legislation awaiting Senate consideration.

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