U.S. Congress Revives Crypto Regulation Bill with Key Hearings This Week
Lawmakers are advancing the Clarity Act, a landmark bill to establish comprehensive rules for digital assets in the United States. Senate Agriculture and Banking Committees will hold hearings Thursday to finalize provisions, potentially creating the first definitive legal framework for cryptocurrencies.
The legislation aims to clarify jurisdictional boundaries between the SEC and CFTC while outlining registration requirements, token classifications, and compliance standards for exchanges. Stablecoin yields, DeFi platform accountability, and political figure crypto profits—including Trump-linked token ventures—emerge as contentious debate topics.
"Stablecoin rewards represent the biggest outstanding issue," said Digital Chamber's Cody Carbone, confirming bipartisan agreement to address yield mechanisms in the bill. The outcome could determine whether crypto firms remain domiciled in America or seek clearer jurisdictions abroad.
