Crypto and banking industry representatives will review a revised stablecoin yield proposal this week as lawmakers try to resolve a months-long dispute over whether stablecoin issuers should be allowed to offer yield.
The White House is reportedly convening banking and crypto executives on February 2 to revive stalled U.S. crypto legislation, after Senate progress on market-structure rules collapsed earlier this month.
The Senate’s crypto market structure bill is likely to be pushed back for weeks after Coinbase withdrew its support, prompting the Banking Committee to shelve the legislation and pivot to housing priorities.
The Digital Asset Market CLARITY Act heads into a crucial week on Capitol Hill as Senate committees prepare markups on the long-awaited U.S. crypto regulation.
PREDICT BITCOIN
