Banking Trades Statement on Clarity Act Cloture Vote

WASHINGTON, D.C. - Following today's Senate cloture vote on the Digital Asset Market Clarity Act, the Consumer Bankers Association, American Bankers Association, Association of Military Banks of America, Bank Policy Institute, Financial Services Forum, Independent Community Bankers of America, Mid-Size Bank Coalition of America, and National Bankers Association issued the following joint statement:

"The nation's banks continue to support creating a strong, durable regulatory framework for digital assets that will set the course for U.S. global leadership for decades to come. We believe Congress can accomplish that goal while protecting the bank lending that drives economic growth. As lawmakers consider next steps, we encourage them to adopt targeted changes to stablecoin yield policy. We stand ready to work with all stakeholders to achieve this important goal."