Crypto Leaders ‘Hopeful’ On Latest Stablecoin Yield Language – Was A Solution...
The stablecoin yield dispute, the main issue delaying the crypto market structure bill, may be nearing resolution after a second round of meetings with Senate staffers, recent reports revealed, building expectations for a markup session by the end of the month. Related Reading: Think Your Crypto Is Liquid? Korea’s New Asset‑Matching Regime Says Think Again […]
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US Southern District of New York (SDNY) prosecutors have pushed back on the Tornado Cash co-founder’s defense, claiming that his arguments for dismissal lack applicability ahead of a crucial hearing later this week. Related Reading: Crypto Leaders ‘Hopeful’ On Latest Stablecoin Yield Language – Was A Solution Reached? DOJ Says Tornado Cash Founder’s Defense Is […]
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 […]
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 […]
Cryptocurrency exchange Coinbase has reportedly told Senate offices it cannot support the latest language inserted into the CLARITY Act, dealing a fresh setback to negotiations over the anticipated crypto market-structure bill. The dispute centers on newly revised provisions governing stablecoin yield arrangements, a key point of contention that has been the subject of months of talks on Capitol Hill. Coinbase Says No To Late‑Stage Compromise The Senate’s updated text would constrain how stablecoin yield programs operate, limiting structures that try to mirror bank deposit products and....
Momentum has picked up on Capitol Hill this week as lawmakers and industry leaders converged at the DC Blockchain Summit, where Senator Cynthia Lummis said she expects the long‑delayed Senate Banking Committee markup on the crypto market‑structure bill (CLARITY Act) to be scheduled for late April. Breakthrough On DeFi And Stablecoin Yield Senator Lummis told attendees she is confident the committee will approve the crypto market structure bill and that the full Senate could pass the legislation by the end of the year. “We’re gonna have this thing done come hell or high water by the end....