Citi CEO Wants ‘Good’ Crypto Clarity Act To Get Passed

Bitcoin Magazine Citi CEO Wants ‘Good’ Crypto Clarity Act To Get Passed Citigroup CEO Jane Fraser has said that while some improvements need to be made to the crypto Clarity Act, the bank wants a “good bill to go through.” The banking executive said that the bank was a “leader in digital assets” so wanted “safe adoption” of the technology.  Lawmakers were trying to get a vote on the Clarity Act through before splitting for recess last week but ran out of time.

A vote will now take place in September.  JUST IN: Citi CEO Jane Fraser says she wants the CLARITY Act to become law.“We would like to see a good bill go through.”Watch pic.twitter.com/caX4lEJivk— Bitcoin Magazine (@BitcoinMagazine) August 14, 2026 “We want to have good regulation that supports innovation and also encourages the safe adoption of the capabilities of digital assets,” Fraser said.  “I think it would be excellent for the system.” A sticking point for the bill has been from the banking lobby, who raised concerns over crypto companies paying customers yield for holding stablecoins.

U.S. banks have said they could lose customers if crypto exchanges offer more attractive products for their deposit base. Fraser reiterated the point on Friday, saying that small banks play an important role in the U.S. and a reward system on deposits...