Coinbase rejected the CLARITY Act draft due to its potential to limit innovation in the stablecoin and digital asset space. The company was concerned about the way the draft legislation treats yield-generating stablecoin products that exist across platforms. The officials claimed that the current draft lacks clear guidelines for activities
Tim Scott, a U.S. senator, has revealed that this week banks and crypto lobbyists may compromise regarding stablecoin yield payments. In the current scenario, the Senate’s crypto market structure bill progress is stalled. Scott attended a crypto lobby event in Washington chaired by the Senate Banking Committee, in which he
John Thune, the leader of the U.S Senate majority, said that lawmakers may consider delaying the legislation on the crypto market structure until April. He said that the Senate Banking Committee may consider it later. Since lawmakers are currently busy working on other pressing issues. The proposed legislation, known as
While the CLARITY Act is repeatedly delayed in the Senate, the White House is attempting to talk to resolve the standoff between banks and the crypto industry representatives. The adviser of the White House with officials of Coinbase, including Paul Grewal, slams banks over unnecessary delays like deposit flight risks.
The former president of the United States, Donald Trump, urged lawmakers to enact the U.S. Clarity Act, which links the economic prowess of the country with clear crypto rules. In a speech to lawmakers and industry representatives, Trump urged them to enact the Clarity Act to bring clarity to crypto
According to Wu Blockchain’s recent X post, JPMorgan analysts stated that a crypto market structure bill in the US may pass by mid-2026. This offering a positive catalyst in the second half of the year. Lawmakers introduced the crypto market structure bill, also known as the CLARITY Act. This is
Brad Garlinghouse, the CEO of Ripple, stated that he thinks the Clarity Act will be passed through the U.S. Congress by the end of April. Garlinghouse estimated that there was a 90% chance of this happening, based on the recent talks in Washington. This was said during and after a
U.S. officials met with banking leaders and crypto industry representatives at the White House on Thursday to revisit one of the most divisive issues in digital-asset legislation: stablecoin rewards. Lawmakers continue to debate how to regulate yield or incentive programs tied to dollar-pegged tokens under the proposed CLARITY Act. The
The interest in the Clarity Act was fueled by the comments of Coinbase CEO Brian Armstrong, who stated that the bill had made substantial progress. This raised the chances of the bill being passed to 90%, according to estimates. The Clarity Act seeks to create a clearer definition of digital
The CLARITY Act debate has intensified after the Digital Chamber released a competing set of principles to challenge proposals backed by major U.S. banks. The blockchain trade association defended the current draft bill while signaling room for compromise on specific issues. The banking sector has pushed for tighter restrictions, particularly
