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The CLARITY Act moved through the U.S. Senate Banking Committee, another sign that lawmakers are finally trying to build rules around digital assets instead of fighting them in courtrooms and press conferences. Under normal conditions, that kind of development would have sent Bitcoin roaring higher. Instead, Bitcoin barely moved. The world’s largest cryptocurrency spent most…
Coinbase Chief Legal Officer Paul Grewal said lawmakers are “very close to a deal” on stablecoin yield provisions in the Clarity Act, the long-awaited crypto market structure bill that has stalled over banking sector concerns about deposit outflows to crypto platforms. Speaking on Fox Business, Grewal expressed confidence that negotiators would bridge the divide on…
A future less crypto-friendly US administration could crack down on the industry without clear regulatory frameworks in place, according to Peter Van Valkenburgh, executive director of advocacy group Coin Center. In a Friday X post, Van Valkenburgh warned that rejecting developer protections in legislation like the CLARITY Act and the Blockchain Regulatory Certainty Act could…
Former President Donald Trump’s financial interests in cryptocurrency are creating potential complications for the long-awaited CLARITY Act, a key piece of legislation designed to clarify how digital assets should be regulated in the United States. Industry observers worry that Trump’s personal crypto holdings and business dealings could complicate the bill’s path through Congress. The CLARITY…
CLARITY Act Stalls in Congress, Signaling Positive Turn for Crypto Industry The failure of the CLARITY Act to advance through the United States Congress is a win for the cryptocurrency industry, according to market analyst Michaël van de Poppe. The stalled crypto market structure bill had drawn criticism from major industry players over provisions that…
A senior Coinbase executive is defending the slow progress of crypto-specific legislation in Congress, saying the complexities of digital asset regulation justify why the CLARITY Act hasn’t become law while simpler bills like the GENIUS Act sailed through. The comments come as the industry grows increasingly impatient with Washington’s glacial pace on crypto policy. The…
