A major reason: stablecoins are quietly turning crypto exchanges into digital savings accounts. According to reports, every third Binance user now keeps at least half of their portfolio in stablecoins, versus just 4% in 2020.
That’s exactly what worries the traditional banking lobby:
people choosing USD Coin over bank deposits.
Key Senate hearings on the CLARITY Act begin today at 14:30 UTC.
The bill aims to:
• define whether the SEC or CFTC regulates crypto
• establish rules for stablecoins and exchanges
• legalize digital asset markets more clearly
• create a legal framework for tokenization and ETFs
Many in the industry see this as the first real attempt to build a full legal foundation for crypto in the US.
The important nuance: regulation may arrive faster than capital inflows 😉
