The Senate Banking Committee’s CLARITY Act markup is turning into a legislative brawl, with more than 100 amendments filed and crypto once again under heavy fire from the usual suspects in Washington. 100+ amendments are now in play Elizabeth Warren is leading a broad anti-crypto push Jack Reed and Tina Smith are targeting stablecoin yields […]
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Congress is moving on two fronts at once: the Clarity Act is headed for a Senate Banking Committee vote on Thursday, while the fight over stablecoin yield is getting louder and uglier. One debate is about who gets to police crypto markets. The other is about whether digital dollars should be allowed to pay interest, […]
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Washington is once again fighting over who gets to control digital dollars. A U.S. Senate panel is reviewing the CLARITY Act while banking groups push for changes to stablecoin yield rules, reopening the familiar battle between crypto’s push for open competition and Wall Street’s instinct to keep the money pipes tightly guarded. Senate panel: weighing […]
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US banking trade groups are pressuring lawmakers to tighten the stablecoin yield language in the CLARITY Act, arguing the current compromise still leaves room for crypto rewards that look an awful lot like interest. Banks want tighter stablecoin yield rules They fear rewards could mimic interest Crypto wants activity-based rewards preserved Senate markup is set […]
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The CLARITY Act is moving closer to a Senate Banking Committee markup, and the tradeoff may be a hard squeeze on stablecoin yield. Washington may finally be inching toward a real crypto market structure bill, but it looks increasingly willing to kneecap the “earn” features that let exchanges and brokers hand out bank-like returns without […]
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Washington may finally be getting serious about crypto market structure, and a bipartisan stablecoin compromise has pushed the Clarity Act back into the game. The bill now has a realistic path to the Senate, with supporters even talking about a signature before July 4. Bipartisan breakthrough: Stablecoin yield deal clears the biggest roadblock Fast-moving timeline: […]
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Brian Armstrong just gave the Senate a blunt nudge to move the CLARITY Act forward after lawmakers struck a compromise on stablecoin yield rules. The deal removes a major roadblock, but the bill still has a long congressional obstacle course ahead. Armstrong’s message: “Mark it up.” Stablecoin yield compromise: no bank-like interest, but real usage […]
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The CLARITY Act has entered the kind of Senate knife-fight that usually decides whether crypto gets real rules or another pile of vague promises. This round centers on stablecoin yield, and Washington is once again pretending a few words in a draft bill aren’t a battle over who controls the financial rails. Stablecoin yield restrictions […]
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Coinbase says a revised rewards compromise in the CLARITY Act clears a major obstacle for the U.S. crypto market structure bill, shifting the fight back to the bigger question: who regulates digital assets, and under what rules? Coinbase backs the latest rewards language Stablecoin yield dispute appears resolved SEC vs. CFTC, staking, and capital formation […]
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U.S. senators have reportedly struck a compromise on stablecoin yield rules, a move that could finally give the Clarity Act and broader U.S. crypto market structure talks some badly needed oxygen. Section 404 compromise could restart stalled crypto legislation Deposit-like stablecoin yields would be blocked Platform rewards tied to real usage may still be allowed […]
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