Clarity Act
Banking groups escalate fight over stablecoin yield ahead of Senate vote
The American Bankers Association amplified warnings the Senate’s Clarity Act could push deposit flight into stablecoins unless lawmakers tighten yield limits.
Crypto industry cheers Senate Clarity Act markup date as market structure push resumes
The bill's progress follows talks on jurisdiction, consumer/developer protections, and stablecoin rewards, with crypto firms backing a yield compromise.
Senate Banking Committee plans to hold key market structure hearing on Thursday
The Senate Banking Committee announced it would hold its markup hearing for the Clarity Act on March 14.
White House targets July 4 for Clarity Act passage, says crypto adviser Patrick Witt
The executive director of the President's Council of Advisors for Digital Assets said the Senate Banking Committee hearing will happen this month on market structure. bill.
Crypto industry backs CLARITY Act yield compromise, pushes Senate Banking for markup
The agreement necessitates firms restructure reward programs from a "buy and hold" to a "buy and use" model; however, CCI raised concerns over its broad prohibition.
Clarity Act text lets crypto firms offer stablecoin rewards while shielding bank yield
The text released Friday blocks crypto firms from offering stablecoin yield offerings that look like bank deposits, but "bona fide" transactions are allowed.
U.S. senator holding cards on Clarity Act's next move says it's ready to get to hearing
Senator Thom Tillis was at the center of the legislative negotiations over stablecoin yield that have delayed the market structure bill, but he said it's time to go.
More than 100 crypto firms urge Senate to move on U.S. market structure bill
Key priorities include defining clear SEC and CFTC oversight roles, protecting non-custodial developers, simplifying disclosure rules, and avoiding a patchwork of state laws.
The CLARITY Act breakthrough: Why JPMorgan says the U.S. crypto rulebook is ‘close to completion’
Analysts at the bank say negotiations for the CLARITY Act are reaching a final breakthrough as lawmakers resolve long-standing disputes over stablecoin rewards and agency oversight.
White House crypto adviser Witt says other Clarity Act hurdles being cleared
Patrick Witt told CoinDesk that a recent compromise on stablecoin yield should hold as the Senate tries to advance its crypto bill, even as bankers continue warnings.
