The North Carolina Bankers Association urged its member banks to call Senator Thom Tillis's office this week. The industry organization wants a complete ban on the payment of stablecoin revenues in the CLARITY Act.

Management shared an internal email containing a pre-written script for bank employees. The email described the current compromise text as insufficient to prevent deposit flight to stablecoins.

Bank lobbyists are increasing pressure against stablecoin yields

An employee of a small Wilmington bank is reported to have shared an email that management had provided on behalf of NCBankers.

The script calls for a 'fully airtight ban' on returns related to the possession of payment stablecoins. It also targets exceptions concerning loyalty programs and nominal activities.

Employees were told that they do not need to respond to questions or defend their position. The email simply urged to pass along the message and end the call.

The consideration of the CLARITY Act is approaching – the dispute over returns remains unresolved

Lobbying is related to the situation in which the Senate Banking Committee is preparing to consider the CLARITY Act.

Senators Tillis and Angela Alsobrooks negotiated a compromise in March that prohibits passive returns but allows event-linked fees.

Banks argue that these exceptions actually allow for returns on stablecoin holdings. However, a report from White House economic advisors challenged this claim.

Allowing full returns would displace only $2.1 billion of the loan portfolio, or just 0.02 percent of the total loan portfolio.

The CLARITY Act was passed in the House of Representatives by a vote of 294–134 in July 2025. The Senate Banking Committee's consideration was aimed for the end of April, but the schedule remains open.