US Banks Are Fighting the New Stablecoin Rules. The White House Is Not Having It
US Banks Are Fighting the New Stablecoin Rules. The White House Is Not Having It
US banks have been pushing back against proposed stablecoin rules, citing concerns over competition and risk.The White House has told banking groups to back off, signaling strong executive support for the legislation.The standoff adds fresh tension to an already complicated stablecoin regulatory path in Congress.