the wait for crypto regulation in the US might finally be ending.
this thursday, may 14, the senate banking committee is set for a high-stakes markup of the clarity act. this is the most serious move we have seen to fix the messy jurisdictional war between the sec and cftc.
the big breakthrough? senators tillis and alsobrooks finally reached a compromise on stablecoin yields. passive interest is out, but activity-based rewards are still on the table. it is a delicate balance aimed at stopping "deposit flight" from traditional banks while keeping on-chain innovation alive.
major players like coinbase are backing the deal, but the banking lobby is still fighting hard to tighten the screws. if this clears the senate, we finally get a real rulebook for the industry.