Business
Sunday, 6/28, 02:08 PM
'Crypto v community': local US lenders push back on the stablecoin law
- Thousands of community banks and credit unions are mounting a campaign against the new US law governing stablecoins, warning that a loophole could siphon deposits out of Main Street and into crypto — and choke off lending to small towns.
- Stablecoin backers say the fears are overblown and the law brings overdue rules.