Clarity compromise hits impasse, White House source tells Reuters "Crypto companies have come around to that compromise, but banks have said they cannot support it, said two of the people. Banks still want to severely limit activities for which rewards can be issued, said a senior White House official. A banking industry source said lenders believe the activities allowed under the compromise could still trigger deposit flight."

Reuters Business
@ReutersBiz
03-05
Talks on landmark crypto legislation have hit a new impasse after banks said they could not back a compromise pushed by the White House, a development that cast doubt on whether the bill will pass this year and sparked criticism from President Trump who accused lenders of trying
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content




