Austin Campbell, founder of Zero Knowledge Consulting, emphasizes the need for collaboration between community banks and cryptocurrency firms in the ongoing CLARITY Act discussion. According to NS3.AI, Standard Chartered has projected that a rise in stablecoin adoption could lead to a reduction in U.S. bank deposits by an amount equivalent to one-third of the total stablecoin market capitalization. Campbell cautions that viewing each other as adversaries primarily benefits the largest commercial banks. Meanwhile, banking lobby groups express concerns that the proposed legislation might divert deposits from traditional financial institutions. Adding to the political dimension, Eric Trump and U.S. President Donald Trump have criticized major banks on X, urging Congress to expedite the passage of crypto market structure legislation.