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LATEST NEWS: Banks and cryptocurrency companies have reached a private agreement on the bill that regulates the structure of the Bitcoin market.
An announcement is expected this week.
The CLARITY Act has been stalled since January due to a dispute: whether cryptocurrency platforms can offer returns on stablecoins.
That dispute seems to have ended. Coinbase's legal director, Paul Grewal, stated on April 1 that they were less than 48 hours away from reaching an agreement. According to sources, the agreement was finalized on Friday. The Senate Banking Committee is expected to review it in the second half of April.
If this is confirmed, the most significant cryptocurrency legislation in U.S. history will move forward.#CLARITYActProgress $USDC $USDT
An announcement is expected this week.
The CLARITY Act has been stalled since January due to a dispute: whether cryptocurrency platforms can offer returns on stablecoins.
That dispute seems to have ended. Coinbase's legal director, Paul Grewal, stated on April 1 that they were less than 48 hours away from reaching an agreement. According to sources, the agreement was finalized on Friday. The Senate Banking Committee is expected to review it in the second half of April.
If this is confirmed, the most significant cryptocurrency legislation in U.S. history will move forward.#CLARITYActProgress $USDC $USDT
Enrique Alonso 25:
Nadie controla bitcoin
The CLARITY Act has passed the U.S. House of Representatives with a strong majority: 294 votes in favor, 134 against.
The bill received bipartisan support, indicating broad agreement across political parties.
-Political Support:
President Trump has publicly supported the CLARITY Act, adding significant political momentum.
Senator Lummis confirmed that stablecoin-related discussions are 99% resolved, suggesting the bill is close to finalization.
-Importance for Crypto:
The CLARITY Act is considered the most important crypto bill ever drafted, aiming to provide a unique legal framework for digital assets.
The bill is expected to unlock trillions in value by clarifying regulations and fostering innovation in the crypto industry.#CLARITYActProgress #ClarityActUpdates #BullRunAhead #AltcoinSeaason #Memecoins🤑🤑 $POWER
$SIGN
The bill received bipartisan support, indicating broad agreement across political parties.
-Political Support:
President Trump has publicly supported the CLARITY Act, adding significant political momentum.
Senator Lummis confirmed that stablecoin-related discussions are 99% resolved, suggesting the bill is close to finalization.
-Importance for Crypto:
The CLARITY Act is considered the most important crypto bill ever drafted, aiming to provide a unique legal framework for digital assets.
The bill is expected to unlock trillions in value by clarifying regulations and fostering innovation in the crypto industry.#CLARITYActProgress #ClarityActUpdates #BullRunAhead #AltcoinSeaason #Memecoins🤑🤑 $POWER
$SIGN
Stablecoin Yield Agreement: A Compromise in Sight?
Senators Angela Alsobrooks (D-Md.) and Thom Tillis (R-N.C.) have reached an agreement-in-principle on stablecoin yield, a key aspect of the crypto market structure bill. However, no one seems particularly happy with the deal, and the language has yet to be released publicly.
Key Points:
- Concerns and Restrictions: The proposed language may restrict stablecoin yield balances and call for new rules around permissible activity.
- Industry Reaction: Crypto and banking industry representatives have expressed unhappiness with the agreement, with possible counterproposals expected.
- Timeline: A market structure bill markup is expected in the second half of April, with Congress on Easter recess this week.
#StablecoinCompromise #CryptoBillUpdate #RegulatoryBreakthrough #StablecoinYieldDeal #CLARITYActProgress
Senators Angela Alsobrooks (D-Md.) and Thom Tillis (R-N.C.) have reached an agreement-in-principle on stablecoin yield, a key aspect of the crypto market structure bill. However, no one seems particularly happy with the deal, and the language has yet to be released publicly.
Key Points:
- Concerns and Restrictions: The proposed language may restrict stablecoin yield balances and call for new rules around permissible activity.
- Industry Reaction: Crypto and banking industry representatives have expressed unhappiness with the agreement, with possible counterproposals expected.
- Timeline: A market structure bill markup is expected in the second half of April, with Congress on Easter recess this week.
#StablecoinCompromise #CryptoBillUpdate #RegulatoryBreakthrough #StablecoinYieldDeal #CLARITYActProgress
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