The American Bankers Association has escalated its opposition to the Clarity Act with a targeted ad campaign across Washington. Over 3,200 banks are mobilizing against provisions they claim could trigger a $6.6 trillion deposit migration, focusing particularly on stablecoin yield mechanisms.

House-approved legislation now faces Senate Banking Committee scrutiny after Chair Tim Scott scheduled a January 2026 markup. The ABA's multimedia blitz includes Politico placements and digital ads urging lawmakers to 'close the stablecoin loophole,' framing the issue as critical for maintaining traditional lending infrastructure.

Trade groups are pushing for explicit bans on interest-bearing stablecoin models, warning of systemic risks if regulatory language remains ambiguous. This coordinated effort lands as Senate calendars grow crowded, setting up a high-stakes showdown over crypto's role in mainstream finance.