Stablecoins
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.
US crypto advocates cite competition with China's interest-bearing e-CNY to push for stablecoin yield clarity, but banks' opposition stalls the Clarity Act. Experts say the two largest economies are pursuing very different digital money strategies.
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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.
PengoPay has introduced a new platform designed to simplify and secure stablecoin payments for freelancers and businesses around the world. The service allows acceptance of $USDC and $USDT, creation of custom payment sites, and generation of cryptocurrency invoices. Its non-custodial model ensures users retain full control over their funds.
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Building on December's charter approvals for firms like Circle and Ripple, the U.S. Office of the Comptroller of the Currency (OCC) has proposed detailed rules to implement the GENIUS Act for stablecoin issuers, addressing reserves, custody, redemption, and rewards programs on platforms like Coinbase. The 376-page proposal emerged on the eve of a Senate Banking Committee hearing where regulators testified on crypto oversight, amid industry concerns over operational impacts.
Following December 2025 charter approvals for crypto firms, the OCC has closed comments on proposed rules clarifying national trust bank activities, while the CFTC issued guidance allowing stablecoins as margin collateral. Banking groups continue criticizing the charters as regulatory arbitrage and 'Franken-charters,' urging safeguards.
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In July 2025, President Trump signed the GENIUS Act into law, establishing federal oversight for stablecoins in the United States. This legislation targets a specific segment of the cryptocurrency ecosystem amid growing concerns over financial risks. The act aims to integrate stablecoins into existing banking frameworks while addressing vulnerabilities exposed by past crypto failures.
Senators negotiate compromise to advance stalled CLARITY Act
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