Crypto Regulation
Clarity Act gains momentum in US Senate for crypto regulation
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The CLARITY Act, aimed at providing regulatory clarity for digital assets, is advancing in Washington with hopes of passage by mid-2026. Negotiations focus on stablecoin yields, drawing involvement from President Trump and industry leaders. The bill could benefit ISO 20022-compliant coins like XRP and Stellar amid ongoing debates between banks and crypto firms.
The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) signed a memorandum of understanding on March 11, 2026, to enhance coordination on crypto and derivatives oversight. The agreement aims to reduce regulatory overlaps that have driven activity overseas. SEC Chair Paul Atkins acknowledged that past turf wars contributed to the challenges faced by U.S. crypto firms.
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The US Senate has approved the GENIUS Act, establishing a federal framework for dollar-pegged stablecoins. The bill requires full backing by liquid assets and aims to reinforce US dollar dominance. It passed with bipartisan support amid debates over risks and political ties.
New York prosecutors have warned that the GENIUS Act, a new law regulating stablecoins, fails to protect fraud victims and allows issuers to profit from stolen funds. In a letter to key senators, Attorney General Letitia James and District Attorney Alvin Bragg argue the legislation provides legal cover to companies like Tether and Circle. They claim these firms resist returning seized assets, prioritizing their own financial gains.
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Citi analysts report growing momentum for the CLARITY Act, a key U.S. crypto market structure bill, but highlight risks of delays beyond 2026 due to disputes over decentralized finance definitions and stablecoin rewards. The Senate Agriculture Committee has advanced its version, while the Banking Committee grapples with contentious issues. A White House meeting on February 2 aims to address stablecoin concerns.
Senate Judiciary Committee leaders Chuck Grassley and Dick Durbin have raised concerns about a provision in a cryptocurrency market structure bill led by Senate Banking Chair Tim Scott, arguing it encroaches on their committee's jurisdiction. The dispute centers on exemptions for crypto software developers, which they say could hinder law enforcement efforts against money laundering. The bill's markup has been postponed amid this opposition and industry pushback.
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Tennessee's sports wagering regulator has issued cease-and-desist orders to three federally regulated platforms—Kalshi, Polymarket, and Crypto.com—for offering sports betting contracts that violate state laws. The firms must shut down Tennessee-based activities, refund deposits, and void open contracts by January 31. This action highlights tensions between federal oversight and state gambling regulations.
Senators negotiate compromise to advance stalled CLARITY Act
March 09, 2026 03:15Former CFTC chair: Banks need stalled CLARITY Act more than crypto firms
March 03, 2026 07:07Trump urges passage of clarity act amid bank-crypto dispute
March 01, 2026 03:43Institutional crypto interest rebounds amid bitcoin price drop
February 26, 2026 09:04OCC Proposes Stablecoin Rules Under GENIUS Act Ahead of Senate Hearing
January 26, 2026 20:25Senate agriculture committee delays crypto market structure hearing
January 26, 2026 13:50Delay in U.S. crypto bill caps sector valuations, analyst says
January 25, 2026 01:23U.S. Senate debates crypto clarity bill's stablecoin rewards
January 22, 2026 18:23Senate delays crypto bill amid housing focus
January 17, 2026 08:11Senate banking committee delays crypto bill vote