The White House has blamed big banks for the failure of the CLARITY Act, legislation designed to establish a regulatory framework for digital assets, including stablecoins. These financial institutions fear that stablecoins could drain their deposits. Markets interpret this situation as a setback for the bill, reflected in a decrease in the likelihood of its passage within the year. Observers will closely watch for statements from President Donald Trump, who holds the power to sign the bill into law, as well as actions from members of the Senate Banking Committee.
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