US "CLARITY Act" Poised for New Progress This Week: Bill Negotiations Near Completion, Stablecoin Yield Dispute Expected to Reach Consensus

According to CoinDesk on March 20, negotiations on the US Crypto Market Structure Bill "CLARITY Act" have been ongoing for weeks and are currently in a critical "near completion" status.

According to informed sources, the updated legislative text was submitted to the White House for review on Thursday, and Senate Banking Committee Republican members held a special meeting that day to discuss how to bridge the final key differences.

This development marks that the long-standing dispute surrounding stablecoin yields in the cryptocurrency industry is finally approaching a resolution, and represents a crucial breakthrough in driving the bill's objectives forward.

Although the banking and cryptocurrency industries previously had serious disagreements on the structure of stablecoin reward programs, informed sources indicate that this dispute is nearing its end.

Despite the progress made, two key demands raised by Democrats could still become obstacles to the bill's final passage.

First, they insist on demanding a ban on government officials profiting from personal crypto interests, a provision mainly targeting Trump personally;

Second, Democrats also require that before the Commodity Futures Trading Commission (CFTC) adopts new regulations, Democratic commissioners must be appointed to fill the agency's vacant seats.

Both of these controversial points may require the White House to make concessions, and cryptocurrency insiders believe that these contentious points will be the final details settled by lawmakers in drafting the final bill.

On the legislative advancement front, Senator Cynthia Lummis stated that Coinbase CEO Brian Armstrong has demonstrated a more flexible attitude in recent negotiations, a change of significant importance.

Because Armstrong previously opposed early drafts, which caused Senate hearings to be blocked. With this softening stance now, it could remove key obstacles for the bill's advancement, indicating that all parties are working to reach consensus.

At the same time, regulators are actively cooperating with the legislative process. The SEC released its first cryptocurrency asset classification definition this week, providing a clearer framework for industry regulation.

This statement indicates that regulators are preparing for a new legal framework and are willing to work closely with the legislative body to jointly advance the healthy development of the US cryptocurrency market.

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