stable coins
By Sydney TheCMO
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Seven Days, Sixty Votes. The Senate has roughly seven days before it breaks for August recess. That's not much runway.
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DeFi, Stablecoins, and the Bankers' Objection. DeFi advocates are also in the mix, pushing back against language that could classify developers…
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What Happens If It Slips to September. If the Clarity Act doesn't move before the break, the September path gets murkier.
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Senators Thom Tillis and Ruben Gallego have reached a new compromise. It's on the ethics clause buried inside the Digital Asset Market Clarity Act — the provision that would bar…
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The compromise didn't come out of nowhere. President Donald Trump had already agreed to a narrower version of the ethics constraint, and the White House called the move…
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The ethics clause isn't the only fight. Illicit finance protections remain unresolved. So does the question of stablecoin rewards programs — basically, whether stablecoin issuers…
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See also: Senate CLARITY Act Vote Hangs Over Crypto Industry as August Recess Looms
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The White House crypto adviser — unnamed in the source — expressed frustration over how long the negotiations are dragging on.
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September isn't a guarantee either. Pushing the bill past the recess opens it up to new political pressures.
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If the Clarity Act doesn't move before the break, the September path gets murkier. Senate leaders will be weighing other legislative priorities, and crypto won't automatically…
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And there's a broader stakes argument here. The Clarity Act, if passed, would reshape how crypto markets operate in the U.S.
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See also: Citadel Bets on Fed Rate Hike as Polymarket Sees $100M in FOMC Wagers
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Tillis and Gallego's compromise may or may not be enough to bring the Democrats who've been sitting on the fence.
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The American Bankers Association is still pushing on stablecoin yield. DeFi developers are still fighting the money transmitter language. And the Senate has seven days.
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