President of the American Bankers Association: Banking lobby wants the CLARITY Act to be adopted, but the issue surrounding the stabilization currency still needs to be resolved

On 30 July, the President of the American Bankers Association, Rob Nichols, in an interview with CNBC, stated that the banking lobby wanted the CLARITY Act to be adopted, but that the issue surrounding the currency of stability still needed to be resolved. The bill is about 600 pages, and we would like to suggest only a minor fine-tuning of two paragraphs to prevent the replacement of bank deposits with stable currency. There is a reason why they are called payments, not deposits. But I do think the encryption and banking industries can coexist。