Crypto Structure Bill Progress: ‘99%’ Settlement Reached In Stablecoin Yield ...
After intensive talks aimed at resolving one of the CLARITY Act’s thorniest provisions, stablecoin rewards, Republican senators emerged from a closed-door meeting Thursday with cautious optimism about the stalled crypto market-structure bill. The gathering, which drew pro-crypto Senator Cynthia Lummis and other Republican members, produced comments suggesting negotiators may finally be finding a workable path […]
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The anticipated crypto market structure bill, or namely the CLARITY Act, designed to provide essential regulatory clarity for digital assets in the United States, is approaching critical dates in the Senate. However, it faces significant complexities related to stablecoin yield, conflicts of interest, and decentralized finance (DeFi). Senate Divided On Crypto Market Structure Bill Legal […]
Senator Tim Scott discussed the impact of digital asset legislation and the progress on the highly anticipated crypto market structure bill on Tuesday, revealing that a fresh draft could be ready by the end of the week. Related Reading: PayPal Expands PYUSD Access To 68 New Countries Amid Stablecoin Push Crypto Market Structure Bill Sees […]
The White House reportedly took the lead during the latest Crypto Council meeting, narrowing the stablecoin rewards dispute that has delayed progress in the long-awaited crypto market structure bill. Related Reading: Change Of Heart? Hacker Returns $21M Stolen Bitcoin To South Korean Prosecutors White House Steps In On CLARITY Act Dispute On Thursday, the White […]
According to a recent report by Roll Call, US Senator Cynthia Lummis, an advocate for digital assets in Congress, is delaying the upcoming crypto market structure bill as the Senator is reluctant to revisit a provision from the recently passed GENIUS Act, which prohibits stablecoin issuers from offering interest payments. Lawmakers Split Over Crypto Interest […]
In a positive development for the crypto industry, the Florida State Senate has passed a bill to create a regulatory framework for stablecoins at the state level. This move comes amid the struggles to enact a broader crypto market structure bill in the United States. Florida Creates Stablecoin Framework With New Bill In a Friday, […]