Crypto Gains Ground in Washington as Bipartisan Bill Inches Forward
TL;DR Summary
Senate negotiators are set to advance a bipartisan crypto-regulation bill that would ban stablecoin rewards resembling interest, reflecting crypto lobbying power gaining traction in Washington as regulators push to mainstream finance and pass the CLARITY Act.
- Wall Street went to war with crypto. It’s losing. Politico
- Circle jumps nearly 20% on Clarity Act compromise that preserves stablecoin rewards CNBC
- Banking Trades Statement on Crypto Market Structure Yield Language Bank Policy Institute
- Tillis-Alsobrooks Reach Compromise On Stablecoin Yield In Clarity Act Forbes
- Ripple CEO Brad Garlinghouse warns next two weeks are critical for crypto legislation The Block
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