Bitcoin News
By James Thorp
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The Stablecoin Knot and Bank Money. The most concrete point of friction right now? Yields on stablecoins.
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Trump, Family, and Conflicts of Interest. There's another issue complicating matters. A new proposal circulating since July aims to prohibit…
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Tensions are rising in Washington. Cynthia Lummis, Republican senator from Wyoming and the Senate's most prominent voice on cryptocurrencies, launched a salvo against the…
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Her message is simple, almost blunt: if it fails, it won't be because of the substance of the bill.
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The Clarity Act is the kind of legislation the American crypto industry has been awaiting for years. The central idea: clarify who regulates what.
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The bill has already passed the House of Representatives in July. That's done. But the Senate is a different story.
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The most concrete point of friction right now? Yields on stablecoins. Banks and crypto companies disagree on what clients should be able to earn in terms of interest or returns…
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And while this tug of war plays out between financial interests, the Democrats have their own demands. Some are calling for additional amendments.
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Lummis sees it differently. For her, the changes the Democrats want to impose could give future regulators the tools to harm the crypto industry.
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Related Reading: Legislative survival is often a chess game where every move counts, and the CLARITY Act is one
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There's another issue complicating matters. A new proposal circulating since July aims to prohibit government officials from promoting or directly profiting from cryptocurrencies.
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More context: CLARITY Act Declared Dead by Former Prosecutor as Key Vote Approaches
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It's the kind of controversy that muddies a legislative debate. Because now, it's no longer really about the technical discussion on regulation — it's pure politics.
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Donald Trump himself has called on lawmakers to vote for this bill. For him, it's a matter of American leadership: if the United States doesn't regulate quickly and effectively,…
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Lummis remains optimistic, at least publicly. She still believes an agreement is possible. But her statements on Tuesday sounded more like a warning than a promise.
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