AmericasCUs Backs Clarity Act But Demands Stricter Stablecoin Yield Rules

Credit union groups support the Clarity Act but urge strengthening stablecoin yield provisions to prevent deposit outflows from local institutions.

Woofun AI reports that Americas CUs and credit union leagues from all 50 states have endorsed the majority of the Clarity Act.

However, these organizations are urging senators to strengthen the bill's language regarding stablecoin revenue provisions. They argue that the current Tillis-Alsobrooks compromise permits a "functionally passive" reward structure, which could cause deposits to drain from local credit unions.