AiCoin|Feb 06, 2026 04:59
[U.S. Senator Lummis Urges Banks to Embrace Stablecoins as a Business Opportunity]
U.S. Republican Senator from Wyoming, Cynthia Lummis, has called on traditional banks to embrace stablecoins, viewing them as a new financial product that can make financial services faster and cheaper. Negotiations over the crypto market structure bill have reached an impasse, with banks and credit unions concerned that stablecoin incentives could lead to a loss of traditional account deposits, particularly impacting community banks. Digital asset analyst Nic Puckrin noted that delays in the bill would limit digital asset prices and emphasized the strategic importance of stablecoins in a weak dollar environment. U.S. Treasury Secretary Scott Bessent stressed that the CLARITY Act must be passed, while Senate Majority Leader John Thune promised to allocate time for the bill later this spring.
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