Why Banks Held Back on the Stablecoin Fight

Also, OCC goes after debanking; Wall Street atwitter over Gensler's lost texts

As the Senate gears up to pass a crypto market structure bill, the bank lobby is pushing lawmakers to close what it says is a gaping loophole in the stablecoin legislation signed into law several months ago. The campaign, still in its early stages, has also provoked pointed questions about the industry’s strategy for taking on digital upstarts: Why is o…