stable coins
By Pankaj K
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House Already Passed Its Version. Back in July 2025, the House approved the CLARITY Act with a 294-134 vote.
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Stablecoins and DeFi Got Special Attention. Stablecoin yield restrictions were a major sticking point during negotiations.
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The Senate Banking Committee pushed through the Digital Asset Market Clarity Act on Thursday. Big day for crypto regulation.
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The committee approved a 309-page draft that carves up who watches what in digital assets. SEC gets some stuff. CFTC gets other stuff.
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Back in July 2025, the House approved the CLARITY Act with a 294-134 vote. Bipartisan support, which doesn't happen much these days.
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It tries to draw clear lines between what counts as a security under SEC jurisdiction and what's a commodity that falls to the CFTC.
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Stablecoin yield restrictions were a major sticking point during negotiations. Some committee members wanted to ban yields entirely on dollar-pegged tokens, arguing that paying…
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DeFi oversight is even trickier. Decentralized finance protocols don't have CEOs or headquarters you can subpoena.
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Ethics rules made it into the final draft too. Government officials involved in crypto regulation can't hold digital assets while they're in office.
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Related: ADI Chain Targets $30.9B in Real-World Asset Tokenization with Settlemint Partnership
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Even if the Senate passes this thing with 60 votes, the work doesn't stop there. SEC and CFTC will need to write actual rules based on the framework, and that process takes…
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The bill's progression shows lawmakers are taking digital assets seriously now. For years, crypto operated in a regulatory gray zone with agencies issuing guidance instead of…
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Market participants have been begging for clarity. Exchanges don't know which tokens they can list without risking SEC enforcement.
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Reconciling the House and Senate versions won't be easy. The House bill has different provisions on custody requirements and different thresholds for what counts as a qualified…
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The 60-vote threshold in the Senate is the next big test. The bill has bipartisan backing, but that doesn't mean it's a lock.
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