Citi's Fraser Backs US Stablecoin Regulation Bill, But Stablecoin Rewards Need Work
Citigroup CEO Jane Fraser has expressed support for the proposed CLARITY Act, which would establish a federal regulatory framework for payment stablecoins in the US. The bill aims to define how stablecoins are issued, backed, and redeemed, with the goal of protecting consumers and maintaining financial stability.
Fraser's comments signal that major financial institutions are closely watching the legislative process. Her endorsement, albeit conditional, adds weight to the argument that clear federal rules could encourage broader institutional participation in digital assets.
The CLARITY Act has been a focal point of congressional discussions about digital asset regulation. Stablecoins have grown significantly in recent years, with billions of dollars in circulation, and their use in payments and trading has drawn attention from regulators worldwide.