NC Crypto Group’s Bold Move Against Bankers

by

NC Blockchain Initiative Urges Tillis to Fast-Track Clarity Act-Bankers Are Not Happy

The North Carolina Blockchain and AI Initiative is throwing a party in the halls of Congress, and the bankers are all, “What’s the occasion?”

The industry group has sent a formal letter to Senator Thom Tillis, essentially saying, “Hey, let’s move this Clarity Act already. Your friends in the banking sector are grumbling, but we’re here to remind you that the future is digital, and it’s not waiting for them.”

The stakes? North Carolina’s reputation as a global leader in digital finance. Or, as someone might say, “We don’t want to be left behind while the rest of the world dances to a different tune.”

Related reading:

Clarity Act Eyes May Markup as Lummis and Tillis Split on Timing

Stablecoin Clarity Act Faces Pushback from NC Bankers-Because Nothing Says “Innovation” Like Fear of Change

The NC Blockchain and AI Initiative is giving the NC Bankers Association a gentle nudge, saying, “Relax, we’re not trying to dismantle the system. We’re just trying to make it work for everyone, including the people who use stablecoins to buy coffee.”

The group pointed to the GENIUS Act, which they claim has already brought stablecoin issuers under federal oversight. “It’s like putting a leash on a dog that was previously running wild-except the dog is a bunch of financial products, and the leash is a bunch of rules,” they wrote.

They also warned against banning yield-bearing stablecoins, arguing that such a move would send North Carolina’s capital to unregulated offshore markets. “Because nothing says ‘systemic risk’ like a bunch of banks suddenly becoming the financial equivalent of a rogue cryptocurrency in a foreign country,” they quipped.

A source within the NC Blockchain Initiative added, “Not all banks are against this. Some of them just prefer to pretend they’re not in the future business.”

NEW: Industry group has sent a letter to urging him to move the Clarity Act to markup, pushing back on recent opposition from to stablecoin yield.

In the letter, the group says the GENIUS Act already tackled so called “shadow banking”…

– Eleanor Terrett (@EleanorTerrett)

Charlotte’s Role as a Banking Hub Drives the Urgency-Or Just a Very Expensive Coffee Shop

Charlotte, the second-largest banking hub in the U.S., is essentially saying, “We’re not just here for the coffee. We’re here to lead the digital asset revolution.” The NC Blockchain Initiative argues that without the Clarity Act, Charlotte’s banks will be left playing catch-up while the rest of the world moves on.

The letter outlined 13 new powers for banks, which the group says will help them “compete in a world where the only thing more unpredictable than the market is the pace of technological change.” They also noted that North Carolina’s Research Triangle has the talent, but what it needs is a federal framework. “We’re not asking for a miracle-we’re asking for a legal roadmap,” they said.

Read also:

Duma Crypto Bill Introduces Licensing and Investor Restrictions in Russia

NC Blockchain Initiative Calls for Immediate Senate Action-Because Delaying Is the New Innovation

The NC Blockchain Initiative reminded Senator Tillis of his past support for “responsible innovation” and his previous backing of a bank-crypto compromise. “It’s like a dating profile: ‘Looking for someone who’s not afraid to embrace the future but also values stability.'”

The group urged Tillis to work with Chairman Tim Scott to push the bill forward, arguing that a markup would be the “green light for North Carolina’s banking and tech sectors to finally stop talking about the future and start living in it.”

Read More

2026-04-25 13:17