banking-industry-lobbying

middleeasteye.net

ABA Urges Banks to Contact Senators Over Stablecoin Yield Rules in Digital Asset Bill

ABA CEO Rob Nichols sent an emergency letter dated May 11, 2026, to every bank CEO calling for immediate engagement against a stablecoin yield provision in the Digital Asset Market Clarity Act ahead of a Senate Banking Committee markup on May 14. Coinbase's Paul Grewal and Sen. B…