Vice Chairman @coinbase; fmr GC Citadel Securities, SEC Senior Advisor, White House Atty | law, politics, crypto & Duke bball (not necessarily in that order)
Further proof that passing the CLARITY Act is essential for banks, crypto, and consumers alike.
Major financial firms aren't waiting on the sidelines.
They're already building onchain with stablecoins.
JUST IN: 21 major global banks including @BankofAmerica, @Citi, @GoldmanSachs, @DeutscheBank, and @UBS, just committed to launching a joint stablecoin company, targeting a USD-denominated stablecoin to go live in H1 2027.