Search results for Bill Hagerty
Crypto
U.S. Senate Banking panel clash grows ahead of CLARITY bill review
A dispute between U.S. banks and pro-cryptocurrency forces is intensifying ahead of the Senate Banking Committee’s review of the CLARITY bill. Senator Bernie Moreno said the banking industry is lobbying to block stablecoin earnings provisions and described it as panic. The American Bankers Association warned the wording could spur deposit outflows and pose risks to growth and financial stability. A proposed compromise would ban returns equivalent to deposit interest while allowing legitimate platform rewards.
Crypto
Clarity Act stalled by stablecoin rules as Ripple CEO speaks out
Ripple CEO Brad Garlinghouse said the U.S. crypto industry is closer than ever to regulatory clarity through the CLARITY Act, but he is less confident it will pass in April. He said the bill could create a comprehensive framework for classifying digital assets and defining oversight. Garlinghouse cited joint SEC-CFTC guidance that classified XRP as a digital commodity, but warned legislation is needed to prevent future policy swings.
Crypto
U.S. Senate Banking Committee member signals CLARITY bill review next week
U.S. Senator Bill Hagerty, a member of the Senate Banking Committee, reaffirmed plans to bring the digital asset market structure bill known as CLARITY to committee review next week. He said Republicans aim to restart months-delayed talks and suggested the bill could reach committee discussion within weeks, though tasks remain for broader legislative progress. The bill would overhaul crypto regulation and shift oversight authority from the SEC to the CFTC.