Aba

The US Senate's most ambitious crypto market structure bill is stuck in a four-way deadlock between banking lobbyists, crypto firms, Democrats and Republicans. If it doesn't clear the Banking Committee this month, it may not get another chance before the midterms.

The ABA rejected a White House economic report dismissing stablecoin yield risks to bank deposits, arguing the Council of Economic Advisers studied the wrong question as the Clarity Act heads toward a make-or-break Senate markup.