The Crypto Industry’s Clarity Act Hits a Critical Juncture: Where Things Stand Going into Senate Markup The crypto industry's regulatory framework is about to face its most critical test yet as the Senate Banking Committee prepares to markup the Clarity Act.
Despite progress in recent weeks, the bill still faces significant obstacles before it can become law. The Clarity Act's journey through Congress has been marked by setbacks and detours.
Its passage in the House last year was seen as a major milestone, but it has stalled in the Senate Banking Committee due to disagreements between banks and stablecoin companies over how rewards are paid on stablecoin balances.