CLARITY

Three finance and policy leaders urged Congress to pass the Clarity Act, a long-delayed bill that would establish U.S. rules for cryptocurrency and blockchain markets.

Trump met with Coinbase CEO Brian Armstrong before criticizing banks for blocking progress on U.S. crypto legislation.

The Senate Agriculture Committee advanced a crypto market bill 12-11 along party lines.

Coinbase CEO Brian Armstrong warned that major banks are lobbying to weaken President Trump’s crypto agenda by pushing Senate legislation that would ban stablecoin rewards.

In the U.S. Senate Banking Committee’s most recent version of the CLARITY Act, Bitcoin and crypto developers would be protected from being charged with operating an unlicensed money transmitting business moving forward — and retroactively.

The bills aim to define Bitcoin as a commodity, block a Federal Reserve issued CBDC, and regulate stablecoins while protecting decentralized assets.