The Defiant·The Defiant Team·2h ago

a16z's Miles Jennings Says Banks Fighting the CLARITY Act Are 'Accelerating Their Own Obsolescence'

Six banking trade groups are still pressing senators to tighten the bill's prohibition on interest-like rewards for holding stablecoins, a payment Jennings says will continue under GENIUS if CLARITY dies.

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💬 Discussion: a16z's Miles Jennings Says Banks Fighting the CLARITY Act Are 'Accelerating Their Own Obsolescence' Six banking trade groups are still pressing senators to tighten the bill's prohibition on interest-like rewards for holding stablecoins, a payment Jennings says will continue under GENIUS if CLARITY dies.

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