Senate Banking Panel to Vote on Digital Asset Clarity Act This Thursday
Senate Banking Committee schedules May 14 markup for Digital Asset Market Clarity Act following stablecoin yield compromise and Coinbase concerns.
➤ The Senate Banking Committee has scheduled a markup session for the Digital Asset Market Clarity Act on May 14, marking a significant step forward in legislative progress. ➤ The bill faced delays due to Coinbase's withdrawal over stablecoin rewards and DeFi oversight concerns, but a bipartisan compromise on stablecoin yields has restored momentum. ➤ While traditional banking groups have requested revisions and Senator Gillibrand is pushing for ethics rules, the committee's decision to proceed indicates a strong intent to move the legislation forward.