🚨NEW: Industry group @NC_Blockchain has sent a letter to @SenThomTillis urging him to move the Clarity Act to markup, pushing back on recent opposition from @NCBankers to stablecoin yield. In the letter, the group says the GENIUS Act already tackled so called “shadow banking” by bringing stablecoin issuers under federal oversight, warning that a full ban on yield would push capital offshore instead of reducing risk. It also frames the Clarity Act as key to keeping North Carolina competitive, pointing to Charlotte’s role as a major U.S. banking hub and saying the bill would give banks the tools to lead in digital assets. A source on the board of the NC Blockchain Initiative who has been involved in policy discussions tells me recent outreach from @NCBankers to Tillis’ office expressing concerns about yield-bearing products and stablecoin rewards does not reflect the views of all small banks and credit unions in the state. It also doesn’t reflect what is being discussed in the state capitol or in Charlotte, where lawmakers are moving ahead with GENIUS compliant stablecoin legislation and continue to back Clarity at the federal level.(Eleanor Terrett)