The North Carolina Blockchain and AI Initiative sent a letter to U.S. Republican Senator Thom Tillis, urging him to proceed with the review process for the Clarity Act, reported Eleanor Terrett, host of Crypto in America. The letter refutes the NC Bankers Association's opposition to stablecoin interest, stating, "The Genius Act has already addressed the so-called 'shadow banking' issue by placing stablecoin issuers under federal supervision. A complete ban on stablecoin interest will not reduce risks but rather drive capital overseas," it warned.
