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March Brings Another Shot at Clarity Act Markup as Stablecoin Talks Drag On
March is upon us, and it could bring long-awaited action on the Clarity Act, including a second attempt at a Senate Banking Committee markup and, if it passes, preparing the bill for a full Senate vote. The March 1 deadline for banks and crypto to bridge the gap on stablecoin rewards, set by White House Crypto Council Executive Director Patrick Witt, has passed with no announcement of a compromise. However, crypto stakeholders insisted that negotiations are ongoing, and expressed confidence that a deal can still be reached, despite a report suggesting that talks were breaking down behind the scenes. “These are ... (full story)
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