U.S. Crypto Regulation Advances, but Bank–Exchange Tensions Persist

From fxleaders.com

A revised draft of the U.S. stablecoin regulatory bill has secured bipartisan agreement in the Senate, marking a key step forward in efforts to establish a clearer legal framework for crypto assets. However, both traditional banks and crypto firms remain dissatisfied with different aspects of the proposal. In recent days, the U.S. Senate Banking Committee reached a new compromise on amendments to the so-called Clarity Act, legislation designed to define a regulatory structure for cryptocurrencies in the United States, with a particular focus on stablecoins. While the latest revision reflects broader political ... (full story)