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WASHINGTON— A key Senate Democrat is signaling that lawmakers may be nearing a compromise in the increasingly contentious fight over whether crypto firms should be allowed to offer stablecoin “rewards” that banks and credit unions warn could drain deposits from traditional financial institutions.

WASHINGTON--As the Senate continues accepting amendments for a housing bill, a letter from America’s Credit Unions urges senators to support one that would improve credit union access through NCUA’s Central Liquidity Facility (CLF). 

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Screen grab from ICBA video.

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Sen. Angela Alsobrooks

Angela Alsobrooks