CLARITY | Crypto

The CLARITY Act entered Washington as a bid to impose a durable market structure on crypto. It now sits at the center of a four-way fight over who gets to define that structure, who gets paid inside it, who supervises it, and how much of the existing financial rulebook survives the rewrite. The bill still includes […] The post A four-way deadlock is now blocking the US Clarity Act crypto bill — and each side can stop it appeared first on CryptoSlate.

The asset manager says innovation can proceed under current SEC rules as the Clarity Act faces debate in Congress.

Senate Banking is targeting the second half of April for a markup of the Digital Asset Market Clarity Act, with Easter recess running through Apr. 13. Senator Cynthia Lummis publicly confirmed the timetable, and Senator Bernie Moreno put the deadline plainly: missing the Senate floor by May could push serious digital asset legislation beyond the […] The post CLARITY Act deadline in weeks could kill stablecoin earnings and push money into Bitcoin appeared first on CryptoSlate.

Crypto lawyer Jake Chervinsky said legislation covering crypto developer protections has been overshadowed by the intense focus on stablecoin yield in the CLARITY Act. US Senator Cynthia Lummis has dismissed claims that the Digital Asset Market Clarity Act fails to protect decentralized finance innovators from legal repercussions, rebutting that recent changes to the draft will make it the “strongest protection for DeFi and developers ever enacted.” Her comments on Friday came in direct response to crypto lawyer Jake Chervinsky, who argued that Title 3 of the current draft undermines the Blockchain Regulatory Certainty Act — another crypto bill focused on developer protections — by subjecting non-custodial software developers to know-your-customer obligations. “Don’t believe the FUD,” Lummis said, adding, “We have worked on a bipartisan basis for the last few weeks to make changes to Title 3 that make this bill the strongest protection for DeFi and developers ever enacted. We have to pass the Clarity Act to g...

Bernstein kept its $190 price target for the Circle stock while Bitwise predicted the company's worth will grow 200% to $75 billion by 2030. Circle Internet Group’s CRCL stock is showing signs of a potential 25% rebound after the market may have reacted too aggressively to fears surrounding draft CLARITY Act language tied to stablecoin yield restrictions. Key takeaways: CRCL is attempting to stabilize above a major support confluence near $100.75. Read more

Analysts say new US stablecoin rules may hit yield distribution, not issuers, as USDC growth in payments and trading continues to accelerate. Circle’s shares sell-off on Tuesday may have been overdone as investors failed to see that the stablecoin issuer’s core business model remains unaffected by the proposed CLARITY Act, analysts at Bernstein said on Wednesday. In a note to clients, Bernstein analysts Gautam Chhugani, Mahika Sapra, Sanskar Chindalia and Harsh Misra said markets are conflating “who earns yield” with “who distributes yield.” “Circle earns. Coinbase distributes,” the analysts wrote, noting that the draft legislation primarily targets the distribution of yield to users — not the underlying reserve income earned by issuers like Circle. Read more

The latest version of the Clarity Act is pressuring stocks as it would restrict stablecoin rewards.

The average Bitcoin retail investor who recently discovered crypto might never have considered a stablecoin that pays yield on an idle balance. That fight, buried inside Senate negotiations over the CLARITY Act, is about to matter to them anyway. Politico reported this week that senators and White House advisers have reached an agreement in principle […] The post CLARITY Act gets deadlock breakthrough that also opens the door to more Bitcoin demand appeared first on CryptoSlate.

The deal reportedly focuses on stablecoin yield and interest-bearing stable tokens, a major pain point for the banking industry. Rumors are circulating that a tentative deal has been struck between the White House and US lawmakers on stablecoin yield, potentially moving the CLARITY crypto market structure bill forward. Republican Senator Thom Tillis and Democratic Senator Angela Alsobrooks, both members of the Senate Committee on Banking, Housing, and Urban Affairs, have reached an “agreement in principle,” according to a Friday Politico report. “I think what it will do is to allow us to protect innovation, but also gives us the opportunity to prevent widespread deposit flight,” Alsobrooks said, adding that the deal prohibits stablecoin yield on “passive balances.” Read more

The President-backed effort to set broader rules for US crypto markets is nearing a political deadline in Congress as banks press lawmakers and regulators to block stablecoin companies from offering rewards that resemble interest on deposits. The fight has become one of the central unresolved questions in Washington’s crypto agenda. At stake is whether dollar-linked […] The post Congress has only weeks left to convince banks on crypto CLARITY Act or risk losing it to midterms appeared first on CryptoSlate.

The legislation assumes that all crypto activity must pass through financial intermediaries licensed by the US government, warns Gnosis co-founder. The regulatory provisions outlined in the US Digital Asset Market Structure Clarity Act, otherwise known as the CLARITY Act, threaten to give large financial institutions control over crypto, according to Dr. Friederike Ernst, co-founder of the Gnosis blockchain protocol. Regulations in the CLARITY crypto market structure bill assume that activity must pass through centralized intermediaries, which risks consolidating crypto rails in the hands of a few entrenched players, Ernst told Cointelegraph. “Blockchain’s real breakthrough was not just a new financial infrastructure. It was the ability for users themselves to become owners of the networks they rely on," she said. Ernst added: Read more

While many in the industry believe stablecoin rewards are the only sticking point for the US CLARITY Act, a Galaxy digital executive said more obstacles could appear. The US CLARITY Act, which aims to bring greater regulatory clarity to the crypto industry, may have little chance of passing this year if it doesn’t move forward within the next seven weeks, according to a crypto executive. “If CLARITY doesn't pass committee by the end of April, odds of passage in 2026 become extremely low,” Galaxy Digital head of firmwide research Alex Thorn said in an X post on Saturday. “This needs to hit the Senate floor by early May... floor time is running out, and odds diminish every day that passes,” Thorn said. It comes after US Senate Majority Leader John Thune said he doesn’t expect the chamber to act on the digital asset market structure legislation before April, as it will prioritize the SAVE America Act, which would require voters to provide proof of US citizenship in person to register. Read more

If the crypto industry and community banks cannot find common ground on the CLARITY Act, the only winners will be the “big banks,” according to crypto executive Austin Campbell. A crypto executive has pushed back against claims by the president of a community banking association that any compromise between the banking sector and the crypto industry on the US CLARITY Act would be a mistake. “If community banks and crypto can't find a way to work together, we already know who the winners are. It's not the community banks. It's not consumers. It's not the crypto industry,” Zero Knowledge Consulting founder Austin Campbell said in an X post on Friday. “It is the big banks,” Campbell said. Read more

Washington’s push for a federal crypto rulebook reignited a long-running industry debate over what “regulatory clarity” actually delivers and who it helps. At the center of the debate is H.R. 3633, the Digital Asset Market Clarity Act of 2025, a bill that supporters present as a long-awaited replacement for years of regulation by enforcement. The […] The post White House stablecoin deadline slips as Hoskinson warns CLARITY Act could push US crypto founders offshore appeared first on CryptoSlate.

The OCC’s proposal to implement the GENIUS Act would bar yield on payment stablecoins and introduce a rebuttable presumption against common issuer-affiliate reward structures. The US Office of the Comptroller of the Currency (OCC) has dropped a 376‑page proposal to implement the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act that looks to settle the ongoing stablecoin yield fight. The proposal is open to public comment for 60 days from Wednesday’s publication date, and sets out detailed rules for permitted payment stablecoin issuers under the OCC’s jurisdiction. Supervised entities would be barred from paying any form of interest or yield, whether in cash, tokens or other consideration, “solely in connection with the holding, use, or retention” of a payment stablecoin, consistent with section 4(a)(11) of the GENIUS Act.  Read more

The US Clarity Act may repeat the same structural mistakes that the European Union made with MiCA, says crypto lawyer Yuriy Brisov.

The US Clarity Act may repeat the same structural mistakes that the European Union made with MiCA, says crypto lawyer Yuriy Brisov.

Hyperliquid launched a policy center in Washington on Feb. 18, seeded with 1 million HYPE tokens worth roughly $28 million, led by Jake Chervinsky, the crypto lawyer who spent years building the industry's Capitol Hill playbook. The Hyperliquid Policy Center operates as a 501(c)(4) focused on decentralized finance and perpetual derivatives. This isn't just another […] The post If CLARITY stalls, on-chain perps stay offshore — and US traders get pushed out appeared first on CryptoSlate.

The CLARITY Act moved quickly through the House of Representatives since it was introduced in June 2025 but has been plagued with delays in the Senate. The crypto industry and investors are awaiting the completion of the US CLARITY Act, which has been delayed amid partisan politics and industry concerns. The bill would rewrite the rules of the road for the crypto industry, from which agency oversees it to regulations for decentralized finance (DeFi). Currently, lawmakers in the US Senate are hammering out the details, with significant points of contention. Democrats want a bipartisan bill with ethics provisions and a bailout prohibition that Republicans roundly rejected. Read more

The fight over CLARITY has always been sold as a battle for rules, a way to finally give the U.S. crypto market a clean lane to run in. That story still matters. The past week made something else clearer: the legislation is becoming a proxy war over who gets to pay Americans for holding digital […] The post CLARITY Act is turning into a proxy war over who pays Americans for holding “digital dollars” appeared first on CryptoSlate.