CLARITY Act advances, but crypto’s retail trust test is only starting
The committee vote gives crypto a policy signal, but holders, banks, and exchanges still need the Senate to turn it into rules.
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Hashdex CIO Samir Kerbage says the CLARITY Act would be more than a compliance milestone, arguing the market is not fully pricing an approval.
Crypto advocates mobilized 300,000 emails to counter a banking campaign aimed at stripping stablecoin yield provisions from the CLARITY Act.
White House says banks skipped stablecoin talks as CLARITY Act debate sharpens over rewards, yield, and payment rules.
The May 14 markup will show whether the crypto industry’s top legislative priority can attract enough bipartisan support to survive beyond committee.
Canada’s stablecoin rules may slip to mid or late 2027 as Visa and Wealthsimple test USDC settlement ahead of the final framework.
Paul Atkins said the SEC may create a limited “innovation pathway” for on-chain trading systems before writing permanent rules, echoing the agency’s old approach to electronic markets.