Crypto Traders On Alert: Is CLARITY The Last Chance To Protect Stablecoin Yield?
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 […]
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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 […]
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 […]
Circle shares slumped on Tuesday (nearly 20%) after U.S. lawmakers advanced the Clarity Act. This decline has been linked to the Clarity Act draft language that suggests it would curb interest paid on crypto stablecoin holdings. Related Reading: 3 Big Hyperliquid News You Might Have Missed This Week A Key Crypto-Basics Misunderstanding The reason of the sudden drop? The market is misunderstanding the legislation, analyst Gautam Chhugani and his three Bernstein colleagues said in an investor note shared with DL News. “The market is conflating who earns yield with who distributes yield”,....
Senators are poised to publish a revised draft of the CLARITY Act — the long‑anticipated crypto market structure bill — as early as this week, according to reporting from Eleanor Terrett of Crypto In America. The timing comes amid an Easter recess that runs through April 13, but Terrett’s sources say lawmakers intend to unveil […]
A White House meeting aimed at breaking the logjam over stablecoin rewards under pending crypto market structure legislation aka Clarity Act ended without a compromise, even as both banking and crypto participants described the session as “productive,” according to details shared by Crypto In America reporter Eleanor Terrett citing sources in the room. The follow-up […]