fintech / news / / Bitcoin Magazine
Coinbase CEO Brian Armstrong declared his company’s support for the Digital Asset Market Clarity Act on Wednesday.
The Senate Banking Committee will hold its first markup of the CLARITY Act on May 14.
KEY POINTS
- The CLARITY Act gives the CFTC exclusive authority over digital commodity spot and cash markets.
- A stablecoin yield compromise now bans interest-like rewards, but permits activity-based incentives.
- The Senate version of the bill expands to nine titles, adding DeFi, bankruptcy, and developer protections.
- Full Senate passage relies on Democratic support and resolution of ethics provisions regarding Trump’s crypto holdings.
COMPANIES
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