The CEO of the American Bankers Association, Rob Nichols, has said that the banking lobby wants the Clarity Act to succeed — but small edits to the bill still need to be made.

Speaking on CNBC’s Squawk Box show Wednesday, Nichols said that while there is a “lot of good” in the Clarity Act, the issue around stablecoins and local lending needs to be fixed. 

JUST IN: 🇺🇸 American Bankers Association CEO tells CNBC “There’s a lot of good in the Clarity Act” 👀

“I do think that the crypto and the banking sectors can coexist. I think we can be the crypto capital of the world.”

“We’re working with the Senators” on this bill. pic.twitter.com/3SldlEBEOS

— Bitcoin Magazine… Read more on BitcoinMagazine