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Citi CEO Backs Crypto Clarity Act, Seeks Safe Adoption

Citigroup CEO Jane Fraser expressed support for the crypto Clarity Act, calling for improvements but urging passage of a ‘good bill’ to enable safe adoption of digital assets. She highlighted Citi’s leadership in digital assets and the need for regulatory clarity.

Original source

AI take

A major bank CEO publicly backing a crypto market-structure bill signals that parts of traditional finance now see regulatory clarity as commercially useful rather than threatening — a shift in posture worth noting. Her caveat that the bill needs improvement, paired with an explicit emphasis on "safe" adoption, suggests banks want rules that legitimize digital assets while keeping guardrails they can live with. The open question is whether that stance helps move the legislation or simply adds industry pressure from a direction crypto-native firms have not always welcomed.

Generated by AI for reference only.

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