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.

Thatโ€™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:

โ€ข define whether the SEC or CFTC regulates crypto
โ€ข establish rules for stablecoins and exchanges
โ€ข legalize digital asset markets more clearly
โ€ข 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 ๐Ÿ˜‰

#CLARITYAct