Diamond: CLARITY Act 'Really Good' for Banks

Former Barclays CEO Bob Diamond expressed support for the CLARITY Act, stating that it's 'a really good thing for the banks over time.'

Diamond believes the legislation would clear up regulatory confusion and give banks a clearer set of rules for working with digital assets and crypto companies. He thinks this will help banks stay competitive as the crypto market evolves.

The CLARITY Act aims to set up a clear, all-encompassing set of rules for digital assets across the US. Diamond's comments show how regulatory clarity is pushing big banks to increasingly invest in digital assets.