CLARITY | Crypto

US banks are mounting an aggressive lobbying effort to stall the CLARITY Act, even as key US lawmakers signal a fast-tracked timeline to put the bill on the president’s desk before July 4. The legislative clash centers on the Digital Asset Market Clarity Act, a sweeping regulatory framework that cleared the House with bipartisan support […] The post Banking lobby attempts to kill Clarity Act’s stablecoin progress as markup is scheduled for next week appeared first on CryptoSlate.

The crypto market structure Clarity Act needs to get to its next step, a Senate hearing, this month to have a reasonable chance, Garlinghouse said.

The CLARITY Act is moving toward its next procedural test after Senate negotiators released compromise language on stablecoin rewards last week, raising expectations that the Senate Banking Committee could take up the measure as soon as the week of May 11. Alex Thorn, head of research at Galaxy Digital, said the release of text from […] The post CLARITY Act markup could come next week after stablecoin deal breakthrough appeared first on CryptoSlate.

The efforts of the SEC and CFTC chairmen indicate that the crypto industry will not suffer without the CLARITY Act, according to crypto executive Chris Perkins. The US crypto industry’s momentum won’t be derailed in the long term even if the much-anticipated CLARITY Act, aimed at bringing more regulatory clarity to the crypto industry, doesn’t make it through Congress, according to 250 Digital Asset Management CEO Chris Perkins. “If not, we’re going to be just fine,” Perkins said on Cointelegraph’s Chain Reaction podcast on Friday, emphasizing that the two major financial regulators are already building workable frameworks. Perkins pointed to ongoing efforts by US Securities and Exchange Commission (SEC) Chair Paul Atkins and Commodities and Futures Trading Commission (CFTC) Chair Michael Selig, following the agencies’ joint interpretation released in March on how federal securities laws apply to crypto assets. Read more

Galaxy Digital head of research Alex Thorn expects the banking industry to “increase their opposition efforts” following the release of the final stablecoin yield provisions. The US CLARITY Act, which aims to provide the US crypto industry with more regulatory clarity, could now move closer to becoming law after new stablecoin yield provisions were published, according to Coinbase chief legal officer Faryar Shirzad. “It’s time to get CLARITY done,” Shirzad said in an X post on Friday, after US Senator Thom Tillis and US Senator Angela Alsobrooks published the final text aimed at settling the stablecoin yield dispute between the banking and crypto industries, which has centered on whether such yields would harm the banking system’s competitiveness. “In the end, the banks were able to get more restrictions on rewards, but we protected what matters – the ability for Americans to earn rewards, based on real usage of crypto platforms and networks,” Shirzad said. Read more

While Washington attempts to navigate the stablecoin battle between banks and crypto companies over the Clarity Act, Coinbase has now announced the “Coinbase Stablecoin Credit Strategy” (CUSHY), targeting qualified investors and institutions with exposure to public, private, and opportunistic credit. The firm also said that it offers investors access to the structural alpha from tokenization, […] The post Coinbase’s new credit fund shows why banks are fighting stablecoin yield on the Clarity Act appeared first on CryptoSlate.

Besides the Clarity Act, the White House's 2026 budget proposal targets the wash sale loophole that lets crypto traders harvest losses and immediately rebuy. The post Clarity Act and Crypto Tax Loophole: White House Billions Dollar Proposal appeared first on Cryptonews.

The CLARITY Act has stalled in Senate Banking deliberations, setting back an array of market rules that would solidify into law most of the pro-crypto stance that took hold in the President Donald Trump administration. Yet, Congress may have handed crypto markets an unexpected experiment. Galaxy Research puts the odds of enactment this year at […] The post CLARITY’s delay to test Wall Street’s $6.6 trillion stablecoin warning which is at odds with White House view appeared first on CryptoSlate.

Bitcoin’s dip below $76,000 was driven by an AI sector sell-off and investors’ worries about slowed progress in the CLARITY Act negotiations. Key takeaways: Bitcoin (BTC) retreated below $76,000 on Tuesday, erasing gains from the prior week. This movement followed a 1% decline in the tech-heavy Nasdaq 100 Index after OpenAI reported a shortfall in its revenue and user growth targets. While the AI industry may be a factor in Bitcoin’s decline, crypto market regulations and macroeconomic indicators are also contributing. Read more

Washington is turning stablecoins into regulated payment instruments while trying to keep issuer-paid yield away from holders. That combination changesthe economics of digital dollars and puts the value of user balances up for grabs across the intermediary stack. The GENIUS Act bars permitted payment stablecoin issuers and foreign payment stablecoin issuers from paying holders any […] The post CLARITY Act stablecoin fight shifts from yield to who captures digital-dollar economics appeared first on CryptoSlate.

The POTUS spoke at a crypto and fintech conference in his golf club in Palm Beach yesterday and mentioned the highly anticipated CLARITY Act.

A recent American Bankers Association (ABA) ad running across Washington shows a clear edge in a campaign that has been running for months. The ad reads: “Protect local lending while embracing innovation. Tell Senators to close the stablecoin loophole.” ABA's advertising archive documents Politico Morning Money placements during the week of Mar. 9, urging senators […] The post Banks fund crypto attack ads across Washington as over 3,000 banks unite to stop Clarity Act passing Senate appeared first on CryptoSlate.

The US Senate’s most significant effort to establish a comprehensive federal framework for digital asset markets, the CLARITY Act, is in imminent danger of slipping into May. Amid fierce pressure from traditional financial institutions, Senator Thom Tillis (R-NC) is actively pressing Senate Banking Committee leadership to delay advancing the CLARITY Act. The delay turns what […] The post Banks lobbying efforts seek to ‘kill’ CLARITY Act before US Senate election window closes appeared first on CryptoSlate.

A White House digital assets official has slammed the traditional banking sector's continued opposition to the proposed stablecoin yield compromise in the CLARITY Act. On April 17, Patrick Witt, the executive director of the White House Presidential Advisory Committee on Digital Assets, accused the financial institutions of “greed or ignorance” due to their intensified lobbying […] The post White House tells “greedy” banks to “move on” from CLARITY Act stablecoin yield fight appeared first on CryptoSlate.

Stablecoin supply climbed to a record $320 billion this week, extending the continued surge in dollar-linked digital assets. This comes as one of the biggest questions hanging over the sector remains unresolved in Washington: whether the income generated by the reserves backing those tokens should stay with issuers or be shared with users. Nonetheless, the […] The post Clarity Act deadlock fails to stop Stablecoins smashing $320B and yield-bearing tokens surging appeared first on CryptoSlate.

DeFi fared pretty well under the House’s version of the CLARITY Act — but the Senate’s revised draft could throw a spanner in the works.

White House study sharpens CLARITY’s core fight as Senate execution remains the real test A recent White House economic study has changed the focus of Washington’s debate over the CLARITY Act. The report addresses the main issue slowing the bill in the Senate: whether limiting stablecoin yields actually protects the banking system. The study’s findings are […] The post White House exposes stablecoin yield ban wouldn’t help banks, raising the stakes for CLARITY in the Senate appeared first on CryptoSlate.

A coordinated push to enact the CLARITY Act is colliding with a rapidly closing legislative window, prompting warnings from industry advocates that a failure to pass the bill this spring could stall crypto developments until the end of the decade. With the November 2026 midterms looming, the legislative calendar is shrinking, and the complex jurisdictional […] The post CLARITY Act faces a 2 week deadline as Senate gridlock and bank pressure threaten freeze out until 2030 appeared first on CryptoSlate.

White House Signals Stablecoin Clarity Act Breakthrough The post White House Signals Breakthrough on ‘Clarity Act’: Federal Stablecoin Floor Nears Reality appeared first on Cryptonews.

Staunch crypto advocate Senator Cynthia Lummis said the country should not risk its financial future by further delaying the CLARITY Act. A leading crypto advocate in the United States Senate, Senator Cynthia Lummis, has warned that her colleagues must pass the CLARITY Act, which aims to provide the crypto industry with clearer regulatory oversight, soon, or risk waiting almost another four years to move the industry forward. “This is our last chance to pass the Clarity Act until at least 2030,” the Wyoming Republican said in an X post on Friday. “We can’t afford to surrender America’s financial future,” she added. Her comments come as crypto industry participants begin to worry that the bill’s chances of passing this year are narrowing, with US midterm elections in November potentially changing congressional priorities and slowing momentum on the highly anticipated crypto legislation. Read more