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Stablecoin Proposal Still 'Falls Short' Of Protecting Bank Deposits: US Banks Say
Stablecoin Proposal Still 'Falls Short' Of Protecting Bank Deposits: US Banks Say
Authored by Brayden Lindrea via CoinTelegraph,.com,
America’s largest banking groups said they remain dissatisfied with the CLARITY Act’s newly proposed language on stablecoin yield, arguing that it fails to protect bank deposits.
In a statement Monday, the bankers acknowledged that US Senators Thom Tillis and Angela Alsobrooks are “seeking to achieve the correct policy goal” in prohibiting stablecoin yield but noted that the CLARITY Act’s “proposed language” currently “falls short of that goal.”
“It is imperative that Congress get this right,” the American...
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Apr 7, 2026 / Tyler Durden
Massive "Treasure Trove" 3,000-Year-Old Silk Road City Discovered In Uzbekistan
Massive "Treasure Trove" 3,000-Year-Old Silk Road City Discovered In Uzbekistan
Authored by Maria Mocerino via Interesting Engineering (emphasis ours),
A Chinese-Uzbek archaeological team has discovered a remarkable 3,000-year-old city along the Silk Road that is rich with artifacts, providing new insights into urban development during the early Iron Age in Central Asia.
Surkhan State Reserve. Sherobod District, Surxondaryo Region, Uzbekistan. (Wikimedia)
Originally discovered in 1969, the expansive Bandikhan II site, covering 107,639 square feet, is located in the Bandikhan oasis. The Surxondaryo region in southern Uzbekistan is known as an archaeological treasure trove, containing...
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Mar 5, 2026 / Tyler Durden
Iran Says Strait Of Hormuz Open As China-Linked Ship Transits Maritime Chokepoint
May 7, 2026 / Dave DeCamp
Israeli Attack in Gaza Kills Son of Hamas’s Lead Negotiator
Hamas confirmed on Thursday that the son of its leader and head negotiator was killed by an Israeli attack in Gaza as the IDF continues its daily violations of the US-backed Gaza ceasefire deal. Azzam al-Hayya, the 32-year-old son of Hamas leader Khalil al-Hayya, was wounded by an Israeli airstrike on Gaza City on Wednesday […]
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