Stability Bill Faces Hurdles Over Stablecoin Revenue Dispute

The CLARITY Act is encountering obstacles due to a dispute over stablecoin revenue, impacting its progress as a proxy for the costs associated with Americans holding 'digital dollars.' According to Bitalk News, banks and policymakers are at an impasse regarding the revenue generated from stablecoins, which is affecting the advancement of the legislation. Recent discussions between the White House and the banking sector failed to resolve the deadlock, with banks maintaining a cautious stance on stablecoin revenue. The future of the bill remains uncertain.