🚨NEW: Banking trades are mounting a coordinated push for revisions to the stablecoin yield compromise ahead of an expected Clarity Act markup next week, arguing the current language still leaves room for rewards programs that could effectively replicate yield. @bankpolicy, @ABABankers, @ICBA, @FSForum, @NatBankers1927 and @ConsumerBankers sent proposed edits to @BankingGOP leadership despite signals from @SenThomTillis and @Sen_Alsobrooks earlier this week that the issue had been settled. A Senate aide who reviewed the letter described the effort as “pretty milquetoast,” saying members have already shifted their focus to wrapping up other issues in the bill like ethics, suggesting the trades may struggle to gain meaningful traction on reopening the yield debate.(Eleanor Terrett)