Efforts to advance the United States crypto industry’s top legislative priority are continuing, with Senate Banking Committee Republicans convening for another round of discussions. Updated language for the Clarity Act has also been circulated to the White House, according to sources familiar with the matter. The legislation remains a work-in-progress as negotiators work through outstanding disagreements.
One of the central sticking points involves the question of stablecoin yield, which has not yet been fully resolved. However, those involved in the negotiations indicate that a compromise on the issue is close to being reached. The outcome of that discussion is expected to shape the final form of the legislation.
At the same time, U.S. markets regulators have begun moving forward with crypto policy implementation without waiting for new legislation to be enacted. Their approach involves proceeding now with a plan that anticipates a new law eventually providing formal backing. This signals a degree of regulatory momentum even as the legislative process continues.
Originally reported by CoinDesk.
