Bank Lobbyists Oppose Clarity Act as MultiBank Group Explores Gold Tokenization
Bank Lobbyists Oppose Clarity Act as MultiBank Group Explores Gold Tokenization
The American Bankers Association (ABA) is advocating for significant revisions to the Clarity Act, expressing concerns that the proposed crypto market structure legislation could result in bank deposits shifting towards stablecoins. The Senate Banking Committee is scheduled to address this bill soon. Concurrently, MultiBank Group's crypto division, mb.io, is actively collaborating with Kings Orbis, EON3, and Mavryk to bring Ghana's gold assets onto the blockchain, showcasing ongoing innovation in asset tokenization despite regulatory discussions.
The American Bankers Association (ABA) is pressing for big changes to the Clarity Act, claiming the crypto market structure bill could put bank deposits at risk of losing ground to stablecoins. Last week, the Senate Banking Committee announced it had scheduled a new markup session to consider the potential legislation. Over the weekend, ABA President […]
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Dubai, U.A.E, 11th May 2026, Chainwire
The post MultiBank Group’s Crypto Arm mb.io Brings Ghana Gold On-Chain With Kings Orbis, EON3 and Mavryk appeared first on The Daily Hodl.