Blockchain Association Rejects Proposal To Widen Stablecoin Yield Restrictions
The Blockchain Association led a broad industry push this week, asking Senate Banking leaders to resist efforts that would widen a ban on stablecoin yields beyond what Congress wrote into law. Related Reading: Coinbase Escalates Regulatory Fight With Lawsuit Against 3 States According to the association, the letter was signed by more than 125 crypto […]
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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 […]
In a positive development for the crypto industry, a recent study by White House economists affirmed that stablecoin yield won’t harm community banks, and its prohibition won’t have a meaningful impact on overall lending in the banking system. Related Reading: US Prosecutors Reject Tornado Cash Founder’s Defense Amid Push For October Retrial Stablecoin Yield Is […]
As congressional momentum behind the crypto market structure bill known as the CLARITY Act slows, the Blockchain Association has stepped forward with its own proposal aimed at shaping the next phase of digital asset regulation in the United States. On Tuesday, the Washington-based nonprofit — which represents more than 125 crypto companies — released a […]
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 […]