The Senate Banking Committee will hold an official revision review of the "Clarity Act" on Thursday.

robot
Abstract generation in progress

Golden Finance reports that on May 11, according to Crypto in America, the U.S. Senate Banking Committee has scheduled a formal markup of the Crypto Market Structure Act, the “Clarity Act,” for Thursday.
The final text of the relevant provisions is expected to be published before the meeting, and legislators must submit amendments by the deadline.
Previously, the initial review was temporarily halted due to opposition from industry figures such as Coinbase CEO Brian Armstrong regarding the stablecoin yield provisions.
Currently, major crypto institutions like Coinbase generally accept the new draft, but some banks serving retail clients are still sending letters to the Senate through industry associations, requesting further tightening of the “interest-like deposit” space for stablecoins to prevent depositors from migrating.
Meanwhile, some Democratic lawmakers, dissatisfied with clauses related to potential conflicts of interest involving Trump and his family in crypto, may vote against the bill at the committee stage, resulting in party-line approval within the committee but facing uncertainty in garnering bipartisan support later in the full chamber.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin