Momentum is building in Washington around the CLARITY Act, a sweeping proposal aimed at establishing a comprehensive regulatory framework for digital assets in the United States, though key disagreements risk delaying final passage. In a recent research note, analysts at Citigroup said the legislation remains the central catalyst for legitimizing the U.S. crypto sector, even […]
The U.S. Senate Banking Committee has released a revised draft of its long awaited crypto market structure legislation, offering new clarity on stablecoin rewards while outlining protections for decentralized finance developers. The 278 page proposal reflects months of negotiations between lawmakers, regulators, banks, and the crypto industry, and is expected to be debated in a […]
The opportunity to pass a comprehensive US crypto market structure bill is narrowing rapidly as lawmakers confront unresolved tensions over stablecoin rewards, according to a new analysis from Bernstein. The firm said momentum behind the long awaited legislation risks stalling if Congress fails to address opposition from the banking sector, which views reward bearing stablecoins […]
Coinbase is reassessing its support for a major US crypto market structure bill as debate intensifies around proposed restrictions on stablecoin rewards. The exchange has raised concerns ahead of an upcoming Senate markup, signaling that limits on rewards tied to dollar pegged tokens could undermine competition and innovation in the digital asset sector. Lawmakers are […]
