U.S. Clarity Act Reaches Critical Juncture, Progressing Toward Markup

U.S. Senators Tom Tillis and Angela Alsobrooks announced on the first of the month a compromise regarding the stablecoin yield provision in the 'Clarity Act' for the cryptocurrency market structure. This agreement, forged after months of negotiations between the banking sector and cryptocurrency advocates, has resolved one of the major obstacles to the bill's passage. The new provision stipulates that cryptocurrency firms...