Crypto

U.S. CLARITY Act stalls for a month as Senate talks lag

Public debate on the U.S. crypto market structure bill known as the CLARITY Act has shown no progress for a month, narrowing the window for passage before elections. CoinDesk reported the bill is unlikely to be handled within April and that Congress has limited time left. The industry is pressing for a Senate Banking Committee markup hearing, but timing, unresolved issues including stablecoin yield, and other congressional priorities may push the bill down the agenda.

Crypto

Five obstacles to U.S. CLARITY bill, from Trump controversy to stablecoin interest

The U.S. Congress’ cryptocurrency bill known as the CLARITY Act faces at least five hurdles beyond the question of interest on stablecoins, an analysis said. TD Cowen pointed to vacancies at the CFTC, efforts to fold prediction markets into the bill, controversy over a Trump family-linked crypto project, pressure to tighten AML and Bank Secrecy Act provisions, and the possible attachment of a credit card competition bill. Stablecoin interest remains unresolved.