$OGOriginal Gangsters Precio

On August 19, Rob Nichols, President and CEO of the American Bankers Association (ABA), stated that the goal is to strengthen rather than hinder the passage of the CLARITY Act. He believes that the digital asset industry needs a clear regulatory framework, but a key provision regarding stablecoin rewards in the bill still requires further tightening. Nichols pointed out that the 2025 GENIUS Act has already prohibited stablecoin issuers from paying interest or returns to holders, and the current dispute revolves around whether related parties, such as cryptocurrency exchanges, can offer similar interest-like rewards. He argued that if stablecoin wallets attract bank deposits away through such mechanisms, it could undermine the funding base that banks rely on for small business loans, housing mortgages, and agricultural financing. The ABA recommends amending the relevant provisions in the bill to prohibit stablecoin rewards that are 'substantially similar' to interest payments and to remove certain potentially ambiguous wording. Nichols stated that these modifications would not prevent crypto companies from offering other reward programs but could avoid the evolution of reward mechanisms into disguised deposit interest. He also mentioned that the ABA is urging senators to amend the relevant provisions before a vote in September, asserting that the U.S. can be both a global banking hub and a global crypto center, provided that clear and consistent regulatory rules are established.

On August 19, Rob Nichols, President and CEO of the American Bankers Association (ABA), stated that the goal is to strengthen rather than block the passage of the CLARITY Act. He believes that the digital asset industry needs a clear regulatory framework, but a key provision regarding stablecoin rewards in the bill still needs to be tightened further. Nichols pointed out that the 2025 GENIUS Act has already prohibited stablecoin issuers from paying interest or returns to holders, and the current debate is whether related parties, such as cryptocurrency exchanges, can offer similar interest-like rewards. He argued that if stablecoin wallets attract bank deposits through such mechanisms, it could undermine the funding base banks rely on for small business loans, housing mortgages, and agricultural financing. The American Bankers Association suggests amending the relevant language in the bill to prohibit stablecoin rewards that are 'substantially similar' to interest payments and to remove certain potentially ambiguous wording. Nichols stated that these modifications would not prevent crypto companies from offering other reward programs but could avoid the evolution of reward mechanisms into disguised deposit interest. He also mentioned that the ABA is pushing for senators to amend the relevant provisions before voting in September and believes that the U.S. can be both a global banking hub and a global crypto center, provided that clear and consistent regulatory rules are established.

Poloniex data monitoring shows that AAVE has surpassed 90 USDT, currently reported at 90.01 USDT, with a 24H increase of 0.61%.