Ripple CEO sends bold message on Bessent’s CLARITY call

The CLARITY Act is a direct threat to community banks, as stablecoin rewards are poised to "steal" their customers and trigger a massive deposit flight. While Ripple’s Brad Garlinghouse argues we shouldn't wait for a "perfect" bill, this legislation grants the Treasury Secretary "additional authority" to intervene if local banks suffer. Are we sacrificing the backbone of American banking just to win a global tech race? Is this a necessary compromise or a dangerous power grab?
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