NC Blockchain Urges Tillis to Advance Clarity Act | Flash News Detail | Blockchain.News
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4/24/2026 9:40:00 PM

NC Blockchain Urges Tillis to Advance Clarity Act

NC Blockchain Urges Tillis to Advance Clarity Act

NC Blockchain pushes Sen. Thom Tillis to markup Clarity for Payment Stablecoins Act amid opposition from NC Bankers on stablecoin yield, emphasizing federal oversight and North Carolina's banking hub status.

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Industry group NC Blockchain fired off a letter to Sen. Thom Tillis demanding quick markup on the Clarity for Payment Stablecoins Act, directly countering NC Bankers' gripes over stablecoin yield. The letter argues the GENIUS Act already curbs shadow banking concerns by imposing federal oversight on stablecoin issuers, and warns a yield ban would shove capital offshore rather than slash risks—echoing stablecoin regulation debates from the past year. Framing the bill as vital for North Carolina's edge, it highlights Charlotte as the U.S.'s second-largest banking center, equipping banks to dominate digital assets like Bitcoin (BTC) amid crypto market crash fears and stablecoin yield opposition. A board source from NC Blockchain Initiative insists NC Bankers' yield worries don't speak for all small banks or credit unions, clashing with state-level pushes for GENIUS-compliant laws and federal Clarity support.


Eleanor Terrett

@EleanorTerrett

British-born Fox Business journalist and producer, JMU graduate breaking news with a global perspective.