CLARITY Act Negotiations Advance: Major Step Toward U.S. Crypto Regulation

Negotiations on the CLARITY Act have made significant progress, particularly on the issue of stablecoin yield. Coinbase’s Chief Legal Officer Paul Grewal described it as the strongest signal in weeks that a deal is near. The bill is expected to move to the Senate Banking Committee for markup, potentially followed by a full Senate vote. What the CLARITY Act Aims to Do This landmark legislation seeks to bring clear rules to the U.S. crypto industry, replacing the current “regulation by lawsuit” approach with a proper legal framework. Key features include: Clear division of responsibilities: SEC regulates securities-like tokens, while CFTC oversees digital commodities (such as Bitcoin and Ethereum). A full regulatory structure for crypto companies, including registration, disclosures, and con...