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

Negotiations for the Digital Asset Market Clarity Act to advance in the Senate have been ongoing, with Republican lawmakers meeting to resolve final gaps. The White House is expected to receive updated legislative text reflecting ongoing work. Key sticking points include the stablecoin yield treatment and the approach to decentralized finance, which require securing compromises from uncertain senators. Lawmakers are reportedly discussing offering unrelated concessions, possibly tied to housing legislation, to community bankers for their support. The bill must pass the Senate Banking Committee before reaching the full Senate. Democrats still seek provisions preventing personal crypto profiteering by senior officials, particularly targeting President Trump, and want Democratic appointments to the CFTC before new crypto rules are adopted. Senator Cynthia Lummis noted that Coinbase CEO Brian Armstrong has been more flexible recently, contrasting with his opposition to an earlier draft. Meanwhile, SEC officials expressed eagerness for Congress to pass the Act to back up their current regulatory policy efforts.

(Source：CoinDesk)