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Senate banking committee to markup clarity act thursday amid stablecoin dispute
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The US Senate Banking Committee is scheduled to hold a markup on the CLARITY Act on May 14, with stablecoin rewards provisions remaining a key point of contention. Banking groups are pressing for tighter limits while the White House has accused industry leaders of skipping earlier negotiations.
Crypto exchange-traded products recorded $858 million in inflows last week. The figure extends a six-week streak that has now reached $4.9 billion in total.
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The Senate Banking Committee will hold a markup hearing on the Digital Asset Market Clarity Act of 2025 on Thursday, May 14, at 10:30 a.m. The session comes after months of delays over stablecoin provisions and other issues.
Hong Kong's monetary authority has warned the public about fraudulent stablecoins masquerading as products from HSBC and HKDAP, exploiting trust in the recently licensed issuers amid the rollout of the city's stablecoin regime.
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Brazil's central bank has banned electronic foreign exchange providers from using stablecoins and cryptocurrencies like Bitcoin for settling overseas remittances. The new rule, BCB Resolution No. 561, takes effect on October 1. Individual investors can still buy, hold, and trade crypto through authorized providers.
Ripple has emphasized that institutions need infrastructure supporting multiple stablecoins for cross-border payments as volumes surge. Global stablecoin transactions reached $33 trillion in 2025, surpassing credit card volumes, according to the company. Early adopters of flexible platforms are positioned ahead amid regulatory shifts.
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폴 찬 모포 홍콩 재무장관은 홍콩이 중국의 개혁 개방을 위한 '시험대'이자 '방화벽'으로서 금융 안보와 혁신 사이에서 균형을 유지해 왔다고 밝혔습니다. 그는 지정학적 긴장으로 인해 금융 시장과 에너지 공급이 위협받는 상황에서 안보가 고품질 성장의 핵심이라고 강조했습니다. 홍콩은 지난주 첫 스테이블코인 라이선스를 발급했으며, 녹색 에너지 전환을 가속화하겠다고 약속했습니다.
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