CLARITY Act Gains Momentum as Crypto, Banks, and Lawmakers Clash Over Stablecoin Rules
CLARITY Act advances after stablecoin compromise; Brian Armstrong urges action, and Tom Tillis pushes for a May 11 markup.
CLARITY Act Gains Momentum as Crypto, Banks, and Lawmakers Clash Over Stablecoin Rules
CLARITY Act Gains Momentum as Crypto, Banks, and Lawmakers Clash Over Stablecoin Rules The CLARITY Act is back in the spotlight, and this time the bill appears to be moving closer to a real Senate test. Recent reporting from CryptoSlate, Reuters, CNBC, and DL News shows that lawmakers have made progress on the most difficult part of the bill, the stablecoin rewards question, while the crypto industry is pushing hard for the Senate Banking Committee to move the legislation forward. At the same time, the story is no longer just about a single bill. It has become a broader test of how the United States wants to regulate digital assets, whether large institutions can finally get the clarity they have been asking for, and whether the crypto sector can build a more durable presence in the U.S. financial system. Why the bill matters now The recent compromise on stablecoin rewards helped unlock new momentum for the CLARITY Act. The revised language appears to allow rewards tied to actual user act…