American Bankers Association

Company

Last mentioned: Mar 8, 2026

Timeline

Mar 8, 2026
Talks Collapse

Banks officially reject the compromise, stalling the bill's progress.
Feb 20, 2026
White House Compromise

A proposal is floated to allow rewards only for peer-to-peer payments.
Feb 3, 2026
Trump Intervention

President Trump issues a statement on Truth Social supporting the crypto agenda.
Jan 15, 2026
Initial Standoff

Banks first object to yield-bearing provisions in the Clarity Act.

Stories mentioning American Bankers Association 1

US Crypto Reform Stalls as Banks Reject White House Stablecoin Compromise

Negotiations over the landmark Clarity Act have reached an impasse after traditional lenders rejected a White House-brokered deal regarding stablecoin rewards. The breakdown in talks has drawn sharp criticism from President Trump, highlighting a growing rift between the banking sector and the administration's pro-crypto agenda.

Mar 8, 2026 4 sources