Consensys attorney Bill Hughes said the CLARITY Act could help bring more crypto activity back to the United States by giving companies clearer rules.
Summary
- Bill Hughes says clear crypto rules could shift trading activity back to US-based platforms.
- Banks are pushing back over stablecoin yield language in the bill.
- HarrisX found 52% voter support as Senate lawmakers prepare for a key markup vote.
Hughes said the U.S. dollar remains the world’s largest fiat on-ramp for crypto, with more than $2.4 trillion in volume between July 2024 and June 2025. Still, he said much of the trading tied to that demand happens outside U.S.-based exchanges.
Hughes pointed to…
