ChainCatcher report, according to CoinDesk, negotiations on the U.S. Crypto Market Structure Act, the CLARITY Act, have been ongoing for several weeks and are now in a state of “nearly达成.” Sources indicate that an updated legislative text was submitted to the White House for review on Thursday, and Republican senators on the Senate Banking Committee held meetings to discuss how to bridge the final gaps. A long-standing dispute over stablecoin yields is nearing compromise, but lawmakers are still debating what additional concessions to offer community banks in exchange for their support, potentially including provisions related to recent housing legislation. Democrats continue to demand a ban on government officials profiting from personal crypto interests (primarily targeting Trump) and require the appointment of Democratic commissioners to fill vacancies at the CFTC before new rules are adopted. Senator Lummis noted that Coinbase’s CEO has become more flexible in recent negotiations. Meanwhile, the SEC released its first classification framework for crypto assets this week. The SEC Chair stated that only Congress can rewrite the law, but until then, regulators are providing a responsible regulatory pathway the market needs.
U.S. Crypto Market Structure Bill Advances in Senate Hearing
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Summary
The U.S. crypto market structure bill, the CLARITY Act, is nearing final agreement after weeks of Senate negotiations. An updated version was sent to the White House for review, with Republicans working to resolve differences on stablecoin yields and bank concessions. Democrats are pushing for a ban on official crypto profiting and CFTC appointments prior to rule changes. The SEC released its first crypto asset classification, with the chair noting that only Congress can amend the law. Meanwhile, global regulatory initiatives such as MiCA and CFT continue to shape the evolving framework.
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