Clarity Act Hearing Set for May 14

The Senate Banking Committee's Clarity Act markup is May 14 at 10:30am.Will this finally define when a token is a security vs commodity, or will stablecoin yield rules stall it again?

The bill aims to split jurisdiction between SEC and CFTC and settle the fight over stablecoin yield. A compromise bans yield on idle stablecoin reserves but allows it for payments. Banks still want changes, so the markup could make or break U.S. crypto market structure.

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