BlockBeats news: On May 12, sources familiar with the matter revealed that Coinbase CEO Brian Armstrong plans to meet with U.S. Republican senators tomorrow, just ahead of the crucial vote on the Cryptocurrency Market Structure Act (also known as the CLARITY Act).
Brian Armstrong previously stated in an interview that there are disagreements among various parties regarding the interest-bearing provisions and regulatory jurisdiction of stablecoins in the Crypto Market Structure Act, but a "win-win" solution is currently being sought. On May 14, the U.S. Senate Banking Committee will review the CLARITY Act—a long-advocated piece of legislation by the crypto industry—that aims to establish a clearer regulatory framework for the U.S. digital assets market. Its core objective is not merely to deliver favorable conditions for the crypto industry, but rather to bring long-standing regulatory disputes from the past several years back into the congressional legislative process.