Banking and Crypto Industries Near Deal on Long-Stalled CLARITY Act
Senate Banking Committee lawmakers are reportedly close to finalizing a compromise on the CLARITY Act, a crypto market-structure bill that has faced prolonged delays. Sources indicate a tentative agreement between banking and cryptocurrency representatives could be announced imminently, paving the way for a committee markup and vote.
Stablecoin reward structures remain a key sticking point, though Senate staff suggest negotiators are "99% of the way there" on yield-related provisions. Senator Cynthia Lummis described recent discussions as productive, signaling growing momentum behind the legislation.
The Agriculture Committee already advanced its portion of the package in January. While details remain fluid, the breakthrough reflects mounting institutional pressure to establish clear digital asset regulations.
