NC Bankers Push For Stablecoin Yield Ban on the CLARITY Act

The North Carolina Bankers Association urged member banks to name Sen. Thom Tillis’s workplace this week. The commerce group needs a complete ban on stablecoin yield funds in the CLARITY Act.

Leadership circulated an inner electronic mail with a pre-written script for financial institution workers. It described the present compromise language as inadequate to forestall deposit flight into stablecoins.

Banking Lobby Escalates Pressure on Stablecoin Yield

An worker at a small Wilmington-based financial institution reportedly shared the electronic mail, with management distributing it on behalf of NCBankers.

The script calls for what it calls “an hermetic prohibition” on yield tied to holding payment stablecoins. It additionally targets carve-outs for loyalty packages and nominal exercise.

Employees have been instructed they didn’t have to reply questions or defend their positions. The electronic mail acknowledged they need to merely ship the message and finish the name.

CLARITY Act Markup Approaches With Unresolved Yield Dispute

The lobbying effort comes as the Senate Banking Committee prepares a markup of the CLARITY Act.

Senators Tillis and Angela Alsobrooks brokered a compromise in March that bans passive yield however permits activity-based rewards tied to transactions.

Banks argue that these carve-outs nonetheless allow a de facto yield on stablecoin holdings. However, a White House Council of Economic Advisers report challenged that argument.

Full yield allowance would displace solely $2.1 billion in lending, just 0.02% of total loans.

The CLARITY Act handed the House 294-134 in July 2025. A Senate Banking Committee markup was focused for late April, although the schedule stays fluid.

The publish NC Bankers Push For Stablecoin Yield Ban on the CLARITY Act appeared first on BeInCrypto.