Odaily Planet Daily reports that U.S. Senator Bernie Moreno stated that the Crypto Market Structure Act, the CLARITY Act, is expected to pass through Congress before April. Moreno said in an interview with CNBC that there is now a clear path forward for the bill.
Coinbase CEO Brian Armstrong, also in the interview, mentioned that there were previous disagreements over the stablecoin interest provisions and regulatory jurisdiction, but all parties are now seeking a “win-win” solution. Reports indicate that the stablecoin yield provisions are one of the main points of contention in the bill’s progress.
Moreno also stated that he does not believe the results of the midterm elections will affect the bill’s passage. Previously, White House officials also expressed positive expectations for the bill’s advancement earlier this year. (Cointelegraph)
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U.S. Senator: CLARITY Act May Pass in April, Coinbase Says a "Path Forward" Emerges
Odaily Planet Daily reports that U.S. Senator Bernie Moreno stated that the Crypto Market Structure Act, the CLARITY Act, is expected to pass through Congress before April. Moreno said in an interview with CNBC that there is now a clear path forward for the bill.
Coinbase CEO Brian Armstrong, also in the interview, mentioned that there were previous disagreements over the stablecoin interest provisions and regulatory jurisdiction, but all parties are now seeking a “win-win” solution. Reports indicate that the stablecoin yield provisions are one of the main points of contention in the bill’s progress.
Moreno also stated that he does not believe the results of the midterm elections will affect the bill’s passage. Previously, White House officials also expressed positive expectations for the bill’s advancement earlier this year. (Cointelegraph)