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Senate’s Clarity Act rejection benefits traditional banks by shielding deposits from yield-bearing stablecoins, while overseas crypto hubs like Dubai gain an edge

Senate’s Clarity Act rejection benefits traditional banks by shielding deposits from yield-bearing stablecoins, while overseas crypto hubs like Dubai gain an edge

Coindesk ·

Coinbase CEO Brian Armstrong pushes back on WSJ claims over CLARITY Act, saying key concerns were fixed before he strongly backed the Senate draft

Coinbase CEO Brian Armstrong pushes back on WSJ claims over CLARITY Act, saying key concerns were fixed before he strongly backed the Senate draft

𝕏/@brian_armstrong ·

SEC and CFTC signal they will push crypto rules using existing authority after Senate fails to advance the Clarity Act

SEC and CFTC signal they will push crypto rules using existing authority after Senate fails to advance the Clarity Act

The Block ·

Aave founder Stani Kulechov pitches an “Uber path” for DeFi after the Clarity Act fails to advance in the Senate

Aave founder Stani Kulechov pitches an “Uber path” for DeFi after the Clarity Act fails to advance in the Senate

The Block ·

Bernstein says Clarity Act failure leaves stablecoin rewards on idle balances unchanged, while SEC and CFTC could move swiftly on crypto rules

Bernstein says Clarity Act failure leaves stablecoin rewards on idle balances unchanged, while SEC and CFTC could move swiftly on crypto rules

The Block ·

The Clarity Act has failed to advance in the Senate after falling short of the 60 votes needed to invoke cloture. It did not even secure 50 votes.

The Clarity Act has failed to advance in the Senate after falling short of the 60 votes needed to invoke cloture. It did not even secure 50 votes.

𝕏/@EleanorTerrett ·

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