If crypto rewards survive CLARITY Act banks are likely to rapidly build their own branded digital dollars

Washington’s stablecoin stalemate is hardening into a fight that banks recognize immediately as a deposit issue. The dispute is no longer centered on whether dollar-linked tokens should exist. It centers on whether they should be treated as deposits, especially if consumers can earn interest-like rewards simply for holding them source: https://cryptoslate.com/if-crypto-rewards-survive-clarity-act-banks-are-likely-to-rapidly-build-their-own-branded-digital-dollars/