Citigroup CEO Jane Fraser stated that while efforts are still underway to amend the provisions of the *Clarity Act* related to stablecoin rewards, she hopes for the passage of a well-rounded bill, believing that such legislation would benefit the financial system. The compromise in the bill prohibits platforms from paying rewards solely for holding stablecoins but allows rewards based on transactions and payments. Fraser noted that stablecoin deposit rewards could lead to capital outflows from traditional banks, weakening their ability to provide loans and credit in certain regions. (The Block) https://(wublock123.com)/news/citigroup-ceo-supports-clarity-act-concerns-stablecoin-rewards-deposits-66502