The CLARITY Act is getting closer to a solution for the stablecoin reward mechanism.

Coinbase says that the ongoing issues around the stablecoin incentive mechanism under the CLARITY Act could be worked out in the next 48 hours.

This problem has been one of the main reasons why development on the larger crypto market structure laws in the US has been slow.

If everyone agrees, it would get rid of a major roadblock and let the CLARITY Act move forward in the legislative process.

A clearer set of rules might also boost institutional confidence and bring in fresh capital to the U.S. crypto industry.

#US #Clarity
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