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a16z's Miles Jennings Says Banks Fighting the CLARITY Act Are 'Accelerating Their Own Obsolescence'
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FOMOGRAM Editorial Desk
Aug 6, 2026
EXECUTIVE SUMMARY
Six banking trade groups are still pressing senators to tighten the bill's prohibition on interest-like rewards for holding stablecoins, a payment Jennings says will continue under GENIUS if CLARITY dies.
Six banking trade groups are still pressing senators to tighten the bill's prohibition on interest-like rewards for holding stablecoins, a payment Jennings says will continue under GENIUS if CLARITY dies.
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