US Senate Banking Committee unveils crypto market-structure bill drawing banks’ ire
By Neil Roland ( May 12, 2026, 20:38 GMT | Insight) -- The US Senate Banking Committee unveiled a cryptocurrency market-structure bill for markup Thursday that contains a bipartisan interest-rate provision that inflamed banking groups and was hailed by crypto firms. The interest-rate section, which allows digital-asset firms to pay stablecoin users rewards in some instances, is part of the long-awaited Clarity Act. In response to the 309-page text, the head of the American Bankers Association urged all bank CEOs to lobby senators for a change in the interest-rate section.The US Senate Banking Committee unveiled a cryptocurrency market-structure bill Tuesday, scheduled for markup Thursday, that contains a bipartisan interest-rate provision which inflamed banking groups and was hailed by crypto firms....
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