#CLARITYActHearingSetforMay14
*Crypto’s market structure bill is finally getting its Senate moment* 🗓️
The Senate Banking Committee scheduled a markup hearing for the *Digital Asset Market Clarity Act* for *Thursday, May 14 at 10:30 a.m. ET*. This is the Senate’s first formal committee debate on the bill. feb254fd
*What’s in it:*
- Defines when tokens are securities vs commodities, giving CFTC and SEC clearer turf
- Includes a compromise on stablecoin yield: no rewards on idle reserves, but rewards allowed for active use like payments
- Aims to end years of regulatory limbo that’s pushed crypto firms overseas db5bd109
*Why it matters now:*
- Banks pushed back on the yield compromise last week, saying it needs more work
- But polling shows 52% of voters support the bill and 70% say Congress should have acted sooner
- It still needs 60 Senate votes and a House-Senate reconciliation before it can reach the President feb2119c54fd
If it clears committee, this is the closest the U.S. has gotten to a federal crypto rulebook. Live stream will be available from Dirksen Senate Office Building. 54fd
Do you think May 14 is when the U.S. finally gets clarity, or just another stall?
*Crypto’s market structure bill is finally getting its Senate moment* 🗓️
The Senate Banking Committee scheduled a markup hearing for the *Digital Asset Market Clarity Act* for *Thursday, May 14 at 10:30 a.m. ET*. This is the Senate’s first formal committee debate on the bill. feb254fd
*What’s in it:*
- Defines when tokens are securities vs commodities, giving CFTC and SEC clearer turf
- Includes a compromise on stablecoin yield: no rewards on idle reserves, but rewards allowed for active use like payments
- Aims to end years of regulatory limbo that’s pushed crypto firms overseas db5bd109
*Why it matters now:*
- Banks pushed back on the yield compromise last week, saying it needs more work
- But polling shows 52% of voters support the bill and 70% say Congress should have acted sooner
- It still needs 60 Senate votes and a House-Senate reconciliation before it can reach the President feb2119c54fd
If it clears committee, this is the closest the U.S. has gotten to a federal crypto rulebook. Live stream will be available from Dirksen Senate Office Building. 54fd
Do you think May 14 is when the U.S. finally gets clarity, or just another stall?