Banks Intensify Battle Over Stablecoin Incentives as Senate Nears Clarity Act Vote
In recent weeks, the tug‑of‑war between traditional financial institutions and the burgeoning cryptocurrency industry has taken on a new, more focused front: the question of how much reward can be offered to users of stablecoins. On Monday, a coalition of eight major banking groups formally voiced a united stance, urging lawmakers to impose tighter limits on the incentives that stablecoin issuers…
Sept. 14, 2026, 5:51 p.m.