White House Sets New Meeting as Crypto, Banks Stall on CLARITY Act

The White House schedules another high-stakes meeting to break the deadlock on the CLARITY Act, where crypto innovators and big banks clash over stablecoin yields. Banks like BofA push for a total ban on rewards, fearing trillions in deposits will flee to crypto platforms, while industry leaders demand freedom to compete. Treasury Secretary Scott Bessent blasts crypto holdouts as "nihilists" and eyes a spring signing before midterms heat up. Read more about this...