A dispute between U.S. banks and pro-cryptocurrency forces is intensifying ahead of the Senate Banking Committee’s review of the CLARITY bill. Senator Bernie Moreno said the banking industry is lobbying to block stablecoin earnings provisions and described it as panic. The American Bankers Association warned the wording could spur deposit outflows and pose risks to growth and financial stability. A proposed compromise would ban returns equivalent to deposit interest while allowing legitimate platform rewards.

Paul Grewal (폴 그레월), Coinbase\'s chief legal officer, said he is confident the CLARITY bill will pass by the end of this summer and voiced support for a Tillis-Alsobrooks compromise on stablecoin rewards. The proposal would allow activity-based rewards tied to platform use while limiting yield paid purely on idle balances. Grewal urged banks to accept the deal and rejected claims that balance-based rewards would trigger deposit outflows, saying there was no evidence.