Citigroup CEO says CLARITY Act would help financial system

Citigroup CEO Jane Fraser said the U.S. CLARITY Act would generally help the financial system if passed, although concerns remain over provisions tied to stablecoin rewards, Fox Business reported. Fraser said in an interview with Fox Business that work is continuing to improve the bill and that the goal is for a strong version of the legislation to pass. Fraser added that the measure would be very positive for the financial system.