{"id":76640,"date":"2026-08-11T00:27:11","date_gmt":"2026-08-11T00:27:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/community-banks-stall-clarity-act-over-stablecoin-rewards\/"},"modified":"2026-08-11T00:27:11","modified_gmt":"2026-08-11T00:27:11","slug":"community-banks-stall-clarity-act-over-stablecoin-rewards","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/community-banks-stall-clarity-act-over-stablecoin-rewards\/","title":{"rendered":"Community Banks Stall Clarity Act Over Stablecoin Rewards"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Community banks lobbied the GOP against the CLARITY Act, fearing stablecoin rewards will drain deposits.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Senators Hawley and Moran now oppose the bill unless amended, fracturing crucial Republican support.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Coupled with unresolved ethics disputes, CLARITY\u2019s chances of passing in September have plummeted.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Community Bankers Rise Against CLARITY Act On Stablecoin Rewards<\/h2>\n<p>While the issue of stablecoin rewards in the Digital Asset Market Clarity Act, commonly known as the CLARITY Act, seemed to have been pacted a long time ago, it has resurfaced recently with the help of community bankers.<\/p>\n<p>Community banks, which are locally owned institutions that typically hold less capital than their national counterparts, have raised the alarm about the effects that passing CLARITY as it is today would have on their ability to attract deposits and, consequently, on their credit capabilities.<\/p>\n<p><a href=\"https:\/\/punchbowl.news\/article\/finance\/economy\/clarity-act-banks\/\" target=\"_blank\" rel=\"noopener noreferrer\">Punchbowl News reported that weeks of heavy lobbying<\/a> from these smaller banks have raised angst among Senate Republicans, who would have direct links with bank representatives.<\/p>\n<p><strong>\u201cThey know us. Each of us knows those people personally,\u201d<\/strong> said Senator Mike Rounds, explaining why their arguments had worked and already had swayed some to oppose CLARITY.<\/p>\n<p>Brad Bolton, CEO of the Community Spirit Bank, reinforced the relevance of small institutions raising these issues. <strong>\u201cYou needed unknown community bankers like me, out in the middle of nowhere, telling the senator, this is the real effect of it,\u201d<\/strong> he declared.<\/p>\n<p>While rewards for holding stablecoins <a href=\"https:\/\/news.bitcoin.com\/stablecoin-rewards-hit-a-wall-in-senates-clarity-act-draft-leaving-industry-guessing\/\">were eliminated in the current version of CLARITY<\/a> after a lengthy discussion and a compromise between banks and the crypto industry, rewards for use, which would promote stablecoins as a means of payment, are permitted.<\/p>\n<p>Two Republican senators, Josh Hawley and Jerry Moran, declared they would oppose the CLARITY Act if its text is not amended to work out the stablecoin reward issue.<\/p>\n<p>The stablecoin yield issue adds to the <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/democrats-block-clarity-act-cloture\/\">other large roadblock that CLARITY faces<\/a>: the ethics provision, which depends on negotiations with the White House and has not been agreed upon.<\/p>\n<p>This is why, even as a vote was filed for September by Senate Majority Leader John Thune, <a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/clarity-act-odds-sink-as-senate-delay-threatens-2026-crypto-vote\/\">the odds of CLARITY passing have sunk<\/a>, as the divide between the two parties and the issues being debated seems insurmountable.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/regulation-and-legal\/community-banks-stall-clarity-act-over-stablecoin-rewards\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Community banks lobbied the GOP against the CLARITY Act, fearing stablecoin rewards will drain deposits. Senators Hawley and Moran now oppose the bill unless amended, fracturing crucial Republican support. Coupled with unresolved ethics disputes, CLARITY\u2019s chances of passing in September have plummeted. Community Bankers Rise Against [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":76641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76640"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=76640"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/76640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/76641"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=76640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=76640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=76640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}