Eight banking trade organizations: The "circuit breaker" for deposit losses in the new clear legislation is not a safeguard measure
2026-09-15 01:57:33
According to CoinMeta, eight banking trade organizations stated that the added “circuit breaker” for deposit outflows in the new clarifying legislation is not a safeguard measure, arguing that it will only take effect after a significant loss of deposits occurs. In a letter to Senate leaders, these organizations called for further tightening of the stablecoin incentive provisions to address what they described as loopholes that may still allow stablecoin balances to generate interest payments. Their core demands remain largely unchanged.
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