Stablecoin Yield Off The Table? Crypto Leaders Review CLARITY Act’s Latest Text
In a closed-door meeting on Capitol Hill, crypto industry leaders reviewed the latest text of the long-awaited crypto market structure bill, which focused on key proposals to address the stablecoin yield and rewards dispute. Related Reading: SBF Legal Saga Continues: Prosecutors Question Authenticity Of FTX Founder’s Retrial Motion Letter Latest CLARITY Act Draft Says No […]
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Coinbase chief legal officer has suggested that negotiators in the Senate are “very close” to a deal on the CLARITY Act’s most contentious crypto issue. Coinbase: “Very Close To A Deal”, Despite Stablecoin Dispute It’s all about the stablecoins. Whether and how exchanges can pay yield on stablecoin balances continues to be the bone of […]
The US CLARITY Act, a legislative proposal that seeks to establish a regulatory framework for the crypto industry in the United States, has taken a major step toward becoming law. This comes after the surprise finalization of the new stablecoin yield provisions in the crypto market structure bill. Crypto Firms Not To Pay Bank-Like Interests […]
A U.S. Senator might unveil a “compromise draft” aimed at settling the crypto-stablecoin yield dispute in the forthcoming CLARITY Act. Another Update On The Crypto Legislation Republican U.S. Senator Thom Tillis (R-N.C.) claimed this Monday he aims to unveil a draft deal this week to break the stalemate over stablecoin yield between banks and crypto […]
Congress returned from the Easter recess on Monday, and Ripple CEO Brad Garlinghouse used the moment to sound notably more confident about the CLARITY Act—the anticipated crypto market structure bill that has been stuck for months. In recent remarks, Garlinghouse pointed to May as the most important month to watch for passage, arguing that the […]
US banking trade groups have called for an amendment to the stablecoin yield compromise in the highly anticipated CLARITY Act. This statement comes ahead of an expected markup on the crypto legislation next week. After months of negotiations, legislators, crypto industry players, and US banks reached an agreement on how to adopt stablecoin yield under […]