The Clarity Act will put Main Street banks at a disadvantage
The Blockchain Association’s Summer Mersinger dismisses the harm to community banks in defending the stablecoin rewards language in the Clarity Act, says community banker Nate Franzén.
CLARITY
U.S. CFTC chief puts staff on notice to create crypto regulations if Clarity Act fails
Commodity Futures Trading Commission Chairman Mike Selig told the inaugural gathering of the Innovation Advisory Committee that his agency won’t sit idle.
U.S. Senate opens first stage of crypto Clarity Act voting to give bill a chance next month
The U.S. Senate is finally leaping into the first procedural votes on the crypto Digital Assets Market Clarity Act, after the leadership moved early Saturday to start official floor action on the crypto market structure bill, marking the farthest progress yet for the industry’s central… Read More
Here’s which Wall Street giants have backed the Clarity Act
“I’m very supportive of moving the CLARITY Act forward, so we can get some market structure in place and start to move the innovation process along,” Solomon said. SoFi CEO Anthony Noto welcomed Goldman Sachs’ support, noting on X that the two firms have taken… Read More
U.S. Senate puts off crypto Clarity Act for now as it focuses limited bandwidth elsewhere
Bottom line: Clarity isn’t likely to come up for voting before next week — the final days before the chamber’s summer break is set to start on August 8. The hotly debated market structure bill isn’t yet ready for a vote, anyway, as the parties… Read More
2 weeks left for Clarity: State of Crypto
The crypto industry, naturally, is urging passage. The common refrain online is that Clarity includes some investor protection rules and creates some structure for crypto products, while not passing the bill would mean there are no investor protections. If the bill is to pass the… Read More