The Senate crypto bill faces a high-stakes markup this Thursday as lawmakers debate 100+ amendments that could determine the future of U.S. digital asset regulation.
The Blockchain Regulatory Certainty Act (BRCA) is the most important piece of the upcoming CLARITY Act. Without BRCA, Clarity leaves developers open to attack.
Labor unions and major banks are now aligned against the Senate’s CLARITY Act, warning the crypto market structure bill could put retirement savings, bank deposits, and financial stability at risk ahead of Thursday’s pivotal committee vote.
The Senate Banking Committee released the full 309-page text of the Digital Asset Market Clarity Act ahead of Thursday’s markup, setting up a high-stakes battle over stablecoin yield rules.
American Bankers Association CEO Rob Nichols urged bank leaders to lobby against a stablecoin yield provision in the Digital Asset Market Clarity Act ahead of Thursday’s Senate markup.
U.S. lawmakers and White House officials said that clear crypto rules will determine whether the U.S. leads financial innovation, with Sen. Cynthia Lummis warning that another hostile administration could mean “game over” for sensible regulation.
Speaking at The Bitcoin Conference, Senator Cynthia Lummis framed Bitcoin as “freedom money,” signaling that Senate lawmakers are preparing a May markup of the long-delayed Clarity Act.
Over 100 cryptocurrency firms and industry organizations are urging the U.S. Senate to move forward on long-delayed market structure legislation, cautioning that further delays could drive innovation and capital abroad.
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.
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