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Crypto Clarity Act inches toward Senate hearing as lawmakers weigh legislative trades

Crypto Clarity Act inches toward Senate hearing as lawmakers weigh legislative trades

The negotiation to get a crypto market structure bill through its next stages in the Senate have hovered over an almost-there status for weeks, and Republican lawmakers met on Thursday to figure out how to bridge the final gaps.

The White House was expected to get some updated legislative language on Thursday, reflecting the ongoing work on the Digital Asset Market Clarity Act, according to people familiar with the situation. But the talks are still going, and even if the previously uncertain senators (such as Republican Thom Tillis) become satisfied with the bill’s stablecoin yield treatment, other distinct compromises (such as the approach to decentralized finance) also need to be secured before the Senate would be able to send the…

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