CLARITY Act Stablecoin Rules: 5 Things Investors Must Know
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The post CLARITY Act’s final draft has been released ahead of May 14 markup appeared on BitcoinEthereumNews.com.
Make CryptoSlate preferred on On May 12, the Senate Banking Committee released updated text of the CLARITY Act ahead of a scheduled May 14 markup. The bill would establish new rules for digital asset intermediaries, define how certain network tokens are treated, expand the role of federal market regulators, and create a path for banks to offer crypto-related services. It also preserves protections sought by decentralized finance developers and adds restrictions to prevent crypto platforms from offering deposit-like yield on payment stablecoin balances. The release moves the Senate effort from private negotiation into a public committee process. If approved by the panel, the bill would still require further negotiations before reaching the Senate floor. However, its path remains uncertain because Democratic concerns over ethics restrictions for federal officials were not reso
The post Senate Unveils New 309-Page CLARITY Act Draft Before Vote appeared on BitcoinEthereumNews.com.
New CLARITY Act draft has been released which aims at fixing key crypto industry concerns. Ethics rules remains unclear, leaving Democrat support uncertain. Surprise housing bill inclusion adds controversy before vote. The US Senate Banking Committee has released a new 309 page draft of the Digital Asset Market Clarity Act, also known as the CLARITY Act, which is setting the stage for Thursday’s pivotal markup vote as per well-known crypto journalist Eleanor Terrett. Committee members now have until close of business Wednesday to file for any amendments before the executive session commences. The release has come after months of deadlock and negotiations that took place at the last minute. Industry stakeholders are watching closely and are waiting to see if Democrats will support the revised bill or not. Stablecoin Yield Compromise Addresses Coinbase CEO’s Core Concern In the new dra
The ABA's lobbying against stablecoin provisions highlights the tension between traditional banking and emerging financial technologies, impacting future financial landscapes.
The post American Bankers Association escalates lobbying against CLARITY Act stablecoin provisions appeared first on Crypto Briefing.
The American Bankers Association (ABA) is pressing for big changes to the Clarity Act, claiming the crypto market structure bill could put bank deposits at risk of losing ground to stablecoins. Last week, the Senate Banking Committee announced it had scheduled a new markup session to consider the potential legislation. Over the weekend, ABA President […]
The post Bank Lobbyists Strike Out Against Clarity Act, Say Bill Would Risk ‘Flight of Bank Deposits’ Into Payment Stablecoins appeared first on The Daily Hodl.
Global crypto funds have extended their positive streak into a sixth straight week amid growing rally conviction and a boost from improving sentiment around the CLARITY Act ahead of its long‑delayed Senate Banking markup. Related Reading: Bitcoin Price Gains Renewed Strength, Market Eyes Bullish Breakout Bitcoin Leads Crypto Funds $858M Inflows Global crypto investment products have extended their positive streak for the sixth consecutive week after posting $857.9 million in inflows over the past week. The funds saw a significant surge from the modest $117 million recorded on the week that ended on April 24. As Bitcoin surged to its highest levels in months, funds based on the flagship crypto led last week’s boom, drawing $706.1 million and bringing year-to-date (YTD) flows to $4.9 billion, according to CoinShares data. Conversely, short Bitcoin products saw $14.4 million in outflows, its largest withdrawals of the year, indicating traders are unwinding hedges amid growing rally convic
The Senate Banking Committee has unveiled a new draft of the Clarity Act days before a scheduled markup vote, reopening negotiations over stablecoin oversight, DeFi protections, and ethics rules tied to federal officials’ crypto activities. According to a statement released…
The post CLARITY Act Vote Faces Scoring Pressure Ahead of Senate Banking Markup appeared on BitcoinEthereumNews.com.
Key Takeaways Senators face recorded-vote scrutiny tied to the CLARITY Act markup. Stand With Crypto says it represents more than 2.9 million U.S. advocates. Committee action could advance digital asset market structure legislation. Senate Banking Markup Puts CLARITY Act Scorecard in Focus Senate Banking Committee members face new scorecard pressure ahead of the May 14 CLARITY Act markup. Digital asset advocacy group Stand With Crypto (SWC) said on May 11 that it will score recorded votes tied to the bill. The group said it represents more than 2.9 million U.S. advocates as senators consider whether to advance market structure legislation from committee. The committee’s executive session is scheduled for May 14. Members are expected to consider H.R.3633, the Digital Asset Market Clarity Act of 2025. The measure would create a regulatory system for digital commodities inv
