Clarity Act Risks Regulation Without Oversight, Brookings Fellow Says
As Congress weighs crypto legislation, Aaron Klein says the CFTC needs more resources, independence and coordination to oversee digital markets.
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Clarity Act
As Congress weighs crypto legislation, Aaron Klein says the CFTC needs more resources, independence and coordination to oversee digital markets.
The legislation is being framed as a turning point for U.S. crypto policy, but there’s a major piece of the puzzle being overlooked, argues Singh.
The bill’s restrictions on yield-bearing crypto products may push the industry away from passive “hold-to-earn” models and toward AI-driven, compliant yield infrastructure, according to STBL Chief Commercial Officer Joe Vollono.
The Clarity Act cleared the Senate Banking Committee with bipartisan support, setting up a potential full Senate vote within weeks.
HashKey says U.S. regulatory clarity may unlock institutional adoption of crypto and reinforce USD stablecoins globally, though stricter yield rules could push capital toward Asian markets offering higher returns.
After a bipartisan approval in the Senate Banking Committee, the crypto market structure bill now advances to a final overhaul aimed at Senate and House passage.
In the hearing to advance the market structure bill to its next stage, lawmakers from both parties granted lengthy talks hadn’t yet found needed common ground.
The crypto market structure bill had already been making the industry rounds behind closed doors, but the lawmakers have released the text before their vote.
The bill’s progress follows talks on jurisdiction, consumer/developer protections, and stablecoin rewards, with crypto firms backing a yield compromise.
The Senate Banking Committee announced it would hold its markup hearing for the Clarity Act on March 14.