Banking Lobby Denies Imminent Deal as Standoff With Crypto Industry Escalates Over Clarity Act

The banking lobby rejected claims of a near agreement on crypto legislation, stating "We're not close to a deal," in remarks to Decrypt White House reporter @sander_lutz. Decrypt reports the dispute between banking and crypto lobbying groups is intensifying over the Clarity Act. The outlet examines how the standoff is shaping the legislation and its prospects for passage.