Crypto’s Capitol Push Meets Banks’ Lobby Muscle

Crypto interests have poured money into Washington to push the Clarity Act, a sweeping digital-assets regulation bill, but banks are mounting a fierce lobbying push to add amendments—especially around stablecoin rewards—that they say could drain deposits from banks. The clash could force Senate Republicans to choose between crypto allies and hometown lenders, with a potential bipartisan deal needed to move the bill after the August recess.