U.S. Senator Holding Cards on Clarity Act's Next Move Says It's Ready to Get to Hearing

U.S. senator holding cards on Clarity Act's next move says it's ready to get to hearing

Senator Thom Tillis was at the center of the legislative negotiations over stablecoin yield that have delayed the market structure bill, but he said it's time to go.

Senator Tillis Backs Markup and Says Stablecoin Disputes Are Resolved - Invest In Crypto News

The Clarity Act just received its most important push forward in weeks. Senator Thom Tillis, the North Carolina Republican who had been one of the bill’s most vocal internal critics, told reporters on Capitol Hill Tuesday morning that he is ready to move the legislation to a formal committee markup. “I’m going to ask the chair to move forward with scheduling a markup when we get back,” Tillis said. “I think we’ve made a lot of progress and it’s …

Clarity Act Breakthrough: Senator Tillis Backs Markup and Says Stablecoin Disputes Are Resolved

The Clarity Act just received its most important push forward in weeks. Senator Thom Tillis, the North Carolina Republican who had been one of the bill's

GENIUS Act Blocks Stablecoin Yield Payments as FDIC Tightens Reserve Rules

Congress just killed direct stablecoin yields. The GENIUS Act bars issuers from paying holders interest on their tokenized dollars, and… Read the original on GENIUS Act Blocks Stablecoin Yield Payments as FDIC Tightens Reserve Rules. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

CLARITY Act stablecoin fight shifts from yield to who captures digital-dollar economics

Washington is turning stablecoins into regulated payment instruments while trying to keep issuer-paid yield away from holders. That combination changesthe economics of digital dollars and puts the value of user balances up for grabs across the intermediary stack. The GENIUS Act bars permitted payment stablecoin issuers and foreign payment stablecoin issuers from paying holders any form of interest or yield solely for holding, using, or retaining…