communitybanks

🔥🔥🔥$XRP The banking groups of the United States have asked the Senate to strengthen regulations on stablecoins in the “Clarity Act,” arguing that the current wording of Section 404 is ambiguous.

There is concern that this could make it easier for stablecoins to act as substitutes for bank deposits, which could trigger a capital outflow from community banks that affects local lending, mortgages, and agricultural credit.

For this reason, bankers are demanding that these tools be strictly regulated for transactions and not as stores of value.

​#Stablecoins #CLARITYActHitsAnotherRoadblock #BankingRevolution #Senado #CommunityBanks