Tagged: Crypto Market Infrastructure

NASAA Says No to the CLARITY Act: Critical Revisions Needed

The North American Securities Administrators Association (NASAA) has sent a letter to the Senate Banking Committee urging members to vote against the CLARITY Act in its current form. NASAA is the lobbying group that represents all the US state securities regulators, as well as regulators… Read More

The CLARITY Act: Compromise on Stablecoin Yield Revealed

According to a report this afternoon, a compromise has been reached on the CLARITY Act and stablecoin yield. The CLARITY Act, or crypto market infrastructure legislation, has been held up by the banking industry, which fears competition from the digital asset sector. Banks worry that… Read More

Crypto Firms, Representatives Hold Briefing on the CLARITY Act on Capitol Hill. Meanwhile Legislation May Soon Move to Markup

The Blockchain Association says a group of its members, including Coinbase, the Solana Institute, and others, held an informational gathering on Capitol Hill today to help educate staffers and their members on the CLARITY Act. Crypto market infrastructure legislation remains in limbo because legacy banks… Read More

The Club for Growth Tells Senate Banking Committee to Push Forward the CLARITY Act

The Club for Growth chimed in today to add its voice in support of the CLARITY Act, crypto market infrastructure legislation that will outline the regulatory ecosystem for digital assets while fueling innovation across the entire financial services sector. The legislation remains parked in the Senate Banking… Read More

The Clarity Act Expected Move in Senate this Month, Floor Vote in May

The CLARITY Act, crypto market infrastructure legislation, is expected to move forward in the US Senate this month with a floor vote arriving in May. According to multiple reports, a deal is in the works on stablecoin yield, the biggest hurdle to the legislation’s approval…. Read More

Senator Tillis Set to Release Draft Aimed at Resolving Stablecoin Yield Dispute in CLARITY Act

US Senator Thom Tillis of North Carolina, a Republican lawmaker, has recently signaled plans to release a proposed framework in the coming weeks. The goal is to settle a long-running conflict over stablecoin returns that continues to divide conventional banks from digital asset specialists. The… Read More

Legacy Banks are Stupid to Fight Stablecoin Yield. They Must Embrace the Future of Stablecoins

Legacy banks have slammed the brakes on the CLARITY Act, crypto market infrastructure legislation, which is poised to enable the United States to lead the world in digital asset innovation. The big roadblock remains the ability for stablecoin holders to earn yield. As payment stablecoins,… Read More

Chatter Indicates Stablecoin Yield Agreement May be Near

Crypto insiders are indicating a deal on the stablecoin yield issue may be near. Currently, the CLARITY Act, or the crypto market infrastructure legislation, is largely being held up by the potential stablecoin holders earning yield on their funds. Banks do not like it because… Read More

Crypto Market Infrastructure Bill Faces Challenges Amid Trump Veto Threat and Banking Industry Clash

A pivotal bill aimed at establishing a comprehensive regulatory framework for digital assets now faces serious delays, threatening the prospects of clearer rules that many in the sector have long sought. This market-structure measure, often referred to as the CLARITY Act, could provide much-needed legal… Read More

Coinbase Shares Jump as President Trump Hammers Legacy Banks and Crypto Market Infrastructure Hold Up

Shares of Coinbase (NASDAQ:COIN) moved dramatically higher today following a public statement by President Donald Trump voicing his support for the crypto industry and disappointment regarding legacy banks holding up the crypto market infrastructure legislation. Currently, Coinbase shares are trading at around $208 $209, a… Read More

President Trump Says the GENIUS Act is Being Threatened by Banks as Crypto Market Infrastructure Legislation Remains Stalled

President Donald Trump took to Truth Social yesterday to lambast legacy banks and their inability to compromise on crypto market infrastructure legislation. The CLARITY Act (or whatever it ends up being called) remains stalled in the Senate largely due to pushback from incumbent banks and… Read More

Cato Institute Worries that Crypto Market Infrastructure Legislation Boosts Financial Surveillance

While everyone has been focused on getting a workable crypto market infrastructure bill through the US Senate, the Cato Institute, a Libertarian think tank, worries that the current legislation may boost the ability of the Feds to monitor your and possibly abuse your financial existence…. Read More

Coinbase CEO Brian Armstrong Expects a Win-Win Outcome for Crypto Market Infrastructure Legislation

Coinbase CEO Brian Armstrong joined Ohio Senator Bernie Moreno on CNBC today, as both appeared at the World Liberty Forum at Mar-a-Lago. Coinbase (NASDAQ:COIN) is the first crypto exchange to go public and one of the largest marketplaces of its kind. Moreno, at one point, was… Read More

White House Crypto Meeting Called Constructive

Today, the second Crypto powow at the White House took place, bringing together teams representing the digital asset sector and the establishment banking industry. The goal is to garner reconciliation between the two groups who remain in disagreement over several issues, perhaps most importantly, the… Read More

American Bankers Association Comments on White House Crypto Meeting: Wants No Interest or Yield on Stablecoins

Mr. Potter Banker Banking (1)

The American Bankers Association (ABA) has issued a statement on today’s White House Crypto meeting, which brought together crypto and legacy banking representatives in an attempt to reanimate crypto market infrastructure legislation. While crypto firms quickly issued positive statements regarding the gathering, the ABA appears… Read More

White House Crypto Meeting Said to Make Progress

As previously reported, the White House crypto team met today with representatives from the banking industry and digital asset industry. The rapid-response gathering came about after some crypto insiders stated they could not support the Crypto Market Infrastructure legislation scheduled for a markup hearing before… Read More

House Leadership Comments on Crypto Market Infrastructure Bill Approval by Senate Agriculture Committee

House Committee on Financial Services Chairman French Hill and House Committee on Agriculture Chairman Glenn “GT” Thompson have joined in welcoming the Senate Committee on Agriculture’s approval of crypto market legislation. The Digital Commodity Intermediaries Act advanced out of Committee earlier today. Representative Hill stated: “Last July,… Read More

Crypto Market Infrastructure Legislation, the Digital Commodity Intermediaries Act, Advances Out of Senate Agriculture Committee

The Digital Commodity Intermediaries Act, crypto market infrastructure legislation, advanced out of the Senate Committee on Agriculture, Nutrition, and Forestry today. Chairman of the Committee, John Boozman, called the approval a critical step towards providing clarity in the digital asset ecosystem. “Advancing this bill brings us… Read More

White House Meeting Set to Gather Bank Lobbyists, Crypto Representatives to Break Stablecoin Yield Impasse

A White House meeting has been scheduled for next week to break the logjam on crypto market infrastructure legislation. It has been widely reported that several crypto firms have withdrawn their endorsement of the bill amid aggressive lobbying by traditional banks, which fear emerging competition…. Read More

Senate Agriculture Committee Releases Its Version of Crypto Market Infrastructure Legislation

The Senate Agriculture Committee is still on track to hold a markup hearing next week. Following last week’s pause on the Senate Banking Committee hearing on crypto market infrastructure legislation, insiders hope this newest version may reanimate prospects for a bill’s approval in the Senate…. Read More

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