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The secret meeting at the White House that will decide the future of your Stablecoins
The next February 10 is not an ordinary day for the crypto ecosystem. While most sleep, a high-level meeting will take place in Washington that could be the "kiss of life" or the "coup de grâce" for the CLARITY Act (H.R. 3633).
If you have digital dollars (USDC, USDT) on platforms like Coinbase, read carefully: your annual yield of 3.5% is under scrutiny.
The Scenario: The clash of two worlds
The CLARITY Act was born to bring order to chaos. It promised clear rules, protection so that no one can take your private keys (self-custody), and a safe framework for decentralized finance (DeFi). But it hit a wall: the fear of the traditional banking system.
If you have digital dollars (USDC, USDT) on platforms like Coinbase, read carefully: your annual yield of 3.5% is under scrutiny.
The Scenario: The clash of two worlds
The CLARITY Act was born to bring order to chaos. It promised clear rules, protection so that no one can take your private keys (self-custody), and a safe framework for decentralized finance (DeFi). But it hit a wall: the fear of the traditional banking system.
Captain_Ahab_WhaleHunter:
🤭🤭🌹🌹
An analyst claims that the approval of the spot XRP ETF is imminent
In a recent post on X, ETF analyst Nate Geraci, president of The ETF Store, suggested that spot cryptocurrency ETFs are likely to gain momentum in the next two months. He emphasized that products focused on altcoins, such as Litecoin, XRP, and Solana ETFs, are about to be approved.
Geraci added that the approval of staking for existing spot Ethereum ETFs could come at any time, offering investors new opportunities to generate returns. This projection aligns with the belief that the SEC is preparing to open the doors to a wave of cryptocurrency ETFs once its final reviews conclude in October.
Geraci added that the approval of staking for existing spot Ethereum ETFs could come at any time, offering investors new opportunities to generate returns. This projection aligns with the belief that the SEC is preparing to open the doors to a wave of cryptocurrency ETFs once its final reviews conclude in October.
The U.S. Senate Banking Committee, led by Senator Tim Scott, has released the draft of the CLARITY Act. The bill covers all aspects of the cryptocurrency industry and provides guidance on how regulators should approach transactions involving digital assets.
Firstly, the bill regarding the structure of the cryptocurrency market clearly states that digital assets, also referred to as "ancillary assets," do not constitute a security and that the secondary transactions involving them are not considered investment transactions. However, a part of the bill also contemplates cases where transactions of digital assets may constitute investment contracts.
As commodities, digital assets are now also under the jurisdiction of the Commodity Futures Trading Commission (CFTC), instead of the Securities and Exchange Commission (SEC). Additionally, the bill addresses issues such as banking, information disclosure, and anti-money laundering guidelines, as described by the Senate Banking Committee in the principles of the CLARITY Act published earlier.
The publication of the draft for the structure of the cryptocurrency market comes just days after Donald Trump signed the GENIUS Act. As revealed by Brian Armstrong, CEO of Coinbase, the White House has also given Congress a deadline of September to pass the CLARITY Act, which will likely be added to the stablecoin legislation as the second significant cryptocurrency law.
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Firstly, the bill regarding the structure of the cryptocurrency market clearly states that digital assets, also referred to as "ancillary assets," do not constitute a security and that the secondary transactions involving them are not considered investment transactions. However, a part of the bill also contemplates cases where transactions of digital assets may constitute investment contracts.
As commodities, digital assets are now also under the jurisdiction of the Commodity Futures Trading Commission (CFTC), instead of the Securities and Exchange Commission (SEC). Additionally, the bill addresses issues such as banking, information disclosure, and anti-money laundering guidelines, as described by the Senate Banking Committee in the principles of the CLARITY Act published earlier.
The publication of the draft for the structure of the cryptocurrency market comes just days after Donald Trump signed the GENIUS Act. As revealed by Brian Armstrong, CEO of Coinbase, the White House has also given Congress a deadline of September to pass the CLARITY Act, which will likely be added to the stablecoin legislation as the second significant cryptocurrency law.
$BTC
$PAXG
$USDC
#LeyCLARITY
The Senate reviews the CLARITY Act as banks push to expand restrictions
In a post on X, Coinbase CEO Brian Armstrong revealed that big banks are pushing to revoke provisions that protect consumers' ability to earn returns on digital assets, such as USDC. He stated that attempts to revise restrictions on stablecoin rewards contradict the legislative intent of the GENIUS Act.
Additionally, Coinbase CEO described the legislation on market structure, currently in the Senate, as an important step forward, noting that it already has bipartisan support in the House of Representatives. Armstrong warned that including yield bans would amount to bailing out banks with record profits at the expense of consumers.
Additionally, Coinbase CEO described the legislation on market structure, currently in the Senate, as an important step forward, noting that it already has bipartisan support in the House of Representatives. Armstrong warned that including yield bans would amount to bailing out banks with record profits at the expense of consumers.
The U.S. Senate Banking Committee has released its anticipated bill on the structure of the cryptocurrency market, also known as the CLARITY Act. This development comes just days after the enactment of the GENIUS Act. The bill provides a more comprehensive framework for the industry, addressing several key issues, such as token classification.
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#LeyGENIUS
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#LeyGENIUS
The Senate Banking Committee would have chosen the deadline for the CLARITY Act
According to a report from Crypto in America, the senators of the Banking Committee chose January 15 for the approval of the cryptocurrency bill. However, the report noted that it is still unclear whether Republicans and Democrats have reached a consensus to support bipartisan approval in which senators from both parties can vote in favor of advancing the bill to the full Senate.
The review of the CLARITY Act has been postponed until next year due to several issues that have stalled negotiations between both parties. These issues touched on the performance restrictions of stablecoins in the GENIUS Act, token classification, illicit finance, and ethics in the cryptocurrency bill.
The review of the CLARITY Act has been postponed until next year due to several issues that have stalled negotiations between both parties. These issues touched on the performance restrictions of stablecoins in the GENIUS Act, token classification, illicit finance, and ethics in the cryptocurrency bill.
The CLARITY Act Moves Forward: The CFTC Gains Authority Over Cryptocurrencies
President John Boozman accelerated negotiations following delays from the Banking Committee, publishing a new draft of the Digital Asset Market Clarity Act. The bill grants the CFTC (Commodity Futures Trading Commission) primary authority over the spot markets for digital commodities, defining most tokens as assets that are not securities.
There are differences between Boozman's draft and that of the Banking Committee, which grants more discretion to the SEC:
There are differences between Boozman's draft and that of the Banking Committee, which grants more discretion to the SEC:
The SEC and CFTC of the U.S. announce a joint event on crypto harmonization
U.S. regulators, the SEC and CFTC, announced that they will hold a joint event on January 27 to discuss regulatory harmonization between the two agencies. This aims to advance the policies introduced by President Trump and solidify the country as the global capital of cryptocurrencies.
The Regulatory Limbo and the 'Cold War' of Committees
This advancement comes as crypto regulation has been stalled for months. The industry continues to await Senate committees' approval of the CLARITY Act. The banking committee's draft caused an uproar (withdrawal of support from Coinbase, disputes over stablecoins) and its review has been postponed until March. Meanwhile, the agriculture committee published a partisan draft that will be reviewed on the same day as the SEC/CFTC event (January 27).
The Regulatory Limbo and the 'Cold War' of Committees
This advancement comes as crypto regulation has been stalled for months. The industry continues to await Senate committees' approval of the CLARITY Act. The banking committee's draft caused an uproar (withdrawal of support from Coinbase, disputes over stablecoins) and its review has been postponed until March. Meanwhile, the agriculture committee published a partisan draft that will be reviewed on the same day as the SEC/CFTC event (January 27).
The United States House of Representatives voted to retroactively integrate the anti-CBDC bill with the CLARITY Act before sending it to the Senate. This decision comes after lawmakers decided in July to attach the anti-CBDC text to the defense spending bill. At that time, they chose not to merge it with the CLARITY Act.
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#LeyCLARITY
$BTC
$PAXG
$USDC
#LeyCLARITY
🤝 TERRITORIAL WAR ENDED CFTC AND SEC SEEK HARMONY IN CRYPTO REGULATION 🚀🇺🇸
The interim chair of the Commodity Futures Trading Commission (CFTC), Caroline Pham, has stated that the "territorial war is over" between her agency and the Securities and Exchange Commission (SEC) regarding the oversight of cryptocurrencies. This announcement was made at a joint roundtable, marking a new day of collaboration. 💡
🛑 The End of Unnecessary Friction
For years, both agencies have maintained opposing positions: the CFTC argued that most digital assets are commodities, while the SEC insisted they were securities. This ambiguity has caused tremendous friction and headaches for market participants.
Pham emphasized that the lack of clarity in the "regulatory signals" had led to confrontations, but that the new phase will focus on cooperation.
"Let’s be clear: our goal is harmonization, not a merger of the SEC and the CFTC. The aim is to seize the monumental opportunity we have ahead."
This push for clarity is vital, especially as Congress works on the Clarity Act, legislation that could grant the CFTC greater authority over digital assets.
👥 An Industry-Wide Effort
The ongoing roundtable features participation from leaders in both traditional and crypto industries, including executives from Kraken, Polymarket, Bank of America, and J.P. Morgan. This underscores the seriousness with which both agencies are seeking a viable and coordinated regulatory path.
Coordination between the CFTC and the SEC is the biggest step towards a clear regulatory framework in the U.S., something essential for the massive institutional adoption of cryptocurrencies.
#RegulaciónCripto #CFTC $BTC $XRP $BNB #SEC. #LeyCLARITY #MercadoCripto 🏦🔗
The interim chair of the Commodity Futures Trading Commission (CFTC), Caroline Pham, has stated that the "territorial war is over" between her agency and the Securities and Exchange Commission (SEC) regarding the oversight of cryptocurrencies. This announcement was made at a joint roundtable, marking a new day of collaboration. 💡
🛑 The End of Unnecessary Friction
For years, both agencies have maintained opposing positions: the CFTC argued that most digital assets are commodities, while the SEC insisted they were securities. This ambiguity has caused tremendous friction and headaches for market participants.
Pham emphasized that the lack of clarity in the "regulatory signals" had led to confrontations, but that the new phase will focus on cooperation.
"Let’s be clear: our goal is harmonization, not a merger of the SEC and the CFTC. The aim is to seize the monumental opportunity we have ahead."
This push for clarity is vital, especially as Congress works on the Clarity Act, legislation that could grant the CFTC greater authority over digital assets.
👥 An Industry-Wide Effort
The ongoing roundtable features participation from leaders in both traditional and crypto industries, including executives from Kraken, Polymarket, Bank of America, and J.P. Morgan. This underscores the seriousness with which both agencies are seeking a viable and coordinated regulatory path.
Coordination between the CFTC and the SEC is the biggest step towards a clear regulatory framework in the U.S., something essential for the massive institutional adoption of cryptocurrencies.
#RegulaciónCripto #CFTC $BTC $XRP $BNB #SEC. #LeyCLARITY #MercadoCripto 🏦🔗
John D'Agostino defends the delay of the CLARITY Act
The Digital Assets Market Clarity Act, or CLARITY Act, is moving in the right direction, despite the growing impatience of the cryptocurrency industry, according to John D'Agostino
"I completely understand why this is taking longer," said John D'Agostino during an interview on CNBC on Friday.
"It's the kind of bill that, frankly, is more fundamental to the growth of cryptocurrencies or any kind of real asset," he said, emphasizing that it makes sense for the process to take some time.
"I completely understand why this is taking longer," said John D'Agostino during an interview on CNBC on Friday.
"It's the kind of bill that, frankly, is more fundamental to the growth of cryptocurrencies or any kind of real asset," he said, emphasizing that it makes sense for the process to take some time.
The CLARITY Act will merge traditional banking with cryptocurrencies
In the context of the World Economic Forum, Ripple CEO Brad Garlinghouse has been emphatic: the industry needs pragmatic clarity, not perfection. Garlinghouse urged to move forward with the CLARITY Act to allow innovation to flourish, while forecasting that the crypto market will reach new all-time highs this year.
The banking integration and the end of the divide
For his part, David Sacks assured CNBC that the approval of this legislation will mark the end of the separation between traditional banking and cryptocurrencies. According to Sacks, both sectors will merge into a single digital asset industry, where banks will even accept to pay yields as they fully enter the stablecoin business.
The banking integration and the end of the divide
For his part, David Sacks assured CNBC that the approval of this legislation will mark the end of the separation between traditional banking and cryptocurrencies. According to Sacks, both sectors will merge into a single digital asset industry, where banks will even accept to pay yields as they fully enter the stablecoin business.
In addition to Trump's efforts to establish a Strategic Reserve of Bitcoin, Senator Cynthia Lummis also introduced the BITCOIN Act. This legislative proposal will require the U.S. government to acquire one million BTC within five years.
The report on cryptocurrency policies could highlight this measure as the executive and legislative initiative to realize the BTC reserve. If the BITCOIN Act is approved, the price of Bitcoin would be driven upward, considering the buying pressure it could exert on the flagship cryptocurrency.
Senator Lummis has already stated that Congress will deliberate on the proposed legislation once they finish with the pending cryptocurrency bills, the CLARITY Act and the Anti-CBDC Act.
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The report on cryptocurrency policies could highlight this measure as the executive and legislative initiative to realize the BTC reserve. If the BITCOIN Act is approved, the price of Bitcoin would be driven upward, considering the buying pressure it could exert on the flagship cryptocurrency.
Senator Lummis has already stated that Congress will deliberate on the proposed legislation once they finish with the pending cryptocurrency bills, the CLARITY Act and the Anti-CBDC Act.
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#LeyBITCOIN
$BTC
The House consolidates the CLARITY Act and the anti-CBDC bill into a procedural measure
According to business journalist Eleanor Terrett, by linking the measures now, the House seeks to expedite reforms in the cryptocurrency market. The ban on a digital currency issued by a central bank will also pass to the Senate in a single package under the combined bill.
Sources from the House of Representatives downplayed the decision, suggesting it does not represent a major change in practice. Senate lawmakers are already working on their own version of the legislation, which contains anti-CBDC language (measures that prohibit or restrict the development of CBDC).
Sources from the House of Representatives downplayed the decision, suggesting it does not represent a major change in practice. Senate lawmakers are already working on their own version of the legislation, which contains anti-CBDC language (measures that prohibit or restrict the development of CBDC).
Ripple, A16Z and Cardano advance in the push for the CLARITY Act
Charles Hoskinson praised Ripple and the venture capital giant Andreessen Horowitz (A16Z) for their significant contributions during the discussions. He added that there is still much to be done. However, the meeting demonstrated that this year a clear set of rules for the industry could be completed.
After years of debates among lawmakers on how to regulate cryptocurrencies, they have sought the help of industry leaders to establish transparent guidelines in the U.S. This will ensure that innovation is not hindered and that investors are well protected. Recently, the House of Representatives reintroduced the anti-CBDC bill to the CLARITY Act, a step that shows how lawmakers are consolidating reforms in the area of cryptocurrencies.
After years of debates among lawmakers on how to regulate cryptocurrencies, they have sought the help of industry leaders to establish transparent guidelines in the U.S. This will ensure that innovation is not hindered and that investors are well protected. Recently, the House of Representatives reintroduced the anti-CBDC bill to the CLARITY Act, a step that shows how lawmakers are consolidating reforms in the area of cryptocurrencies.
A dispute between actors in the cryptocurrency sector and traditional banking has resurfaced as Senate lawmakers review the CLARITY Act proposal. The core of the debate lies in a provision that banking sector members want to be added, which would prohibit rewards or yields from stablecoins offered through cryptocurrency platforms.
The debate arises after the approval of the GENIUS Act, enacted in July, which addressed various aspects of digital asset regulation. That law included clauses that prevented stablecoins from channeling interest from bank deposits. However, banks now argue that the restriction should extend directly to exchange platforms, an idea that, according to cryptocurrency advocates, invalidates what has already been resolved by Congress.
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The debate arises after the approval of the GENIUS Act, enacted in July, which addressed various aspects of digital asset regulation. That law included clauses that prevented stablecoins from channeling interest from bank deposits. However, banks now argue that the restriction should extend directly to exchange platforms, an idea that, according to cryptocurrency advocates, invalidates what has already been resolved by Congress.
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CLARITY ACT
#BİNANCESQUARE #MarvinVasquez #LeyCLARITY #Write2Earn $BNB
For over a decade, regulators, market participants, and Congress have grappled with the challenge of regulating crypto assets. This relatively nascent asset class, underpinned by novel technology, has been difficult to regulate under existing financial regulatory frameworks. While both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have issued guidelines, brought enforcement actions, and exercised jurisdictional authority, the lack of a unified regulatory framework has resulted in what many stakeholders describe as "regulation by enforcement." This dynamic has created legal uncertainty, restricted participation by traditional financial institutions, and driven innovation abroad.
For over a decade, regulators, market participants, and Congress have grappled with the challenge of regulating crypto assets. This relatively nascent asset class, underpinned by novel technology, has been difficult to regulate under existing financial regulatory frameworks. While both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have issued guidelines, brought enforcement actions, and exercised jurisdictional authority, the lack of a unified regulatory framework has resulted in what many stakeholders describe as "regulation by enforcement." This dynamic has created legal uncertainty, restricted participation by traditional financial institutions, and driven innovation abroad.
The U.S. cryptocurrency industry is awaiting clear regulation, as the Senate has postponed the hearing on the CLARITY Act again. According to the latest reports, it is likely that the market structure will be delayed until late February or March.
This delay of the CLARITY Act comes amid ongoing debate among lawmakers, industry leaders, and other key stakeholders. This measure fuels uncertainty about the possible approval of the market structure bill and its impact on the cryptocurrency market in general.
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This delay of the CLARITY Act comes amid ongoing debate among lawmakers, industry leaders, and other key stakeholders. This measure fuels uncertainty about the possible approval of the market structure bill and its impact on the cryptocurrency market in general.
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#LeyCLARITY
The CFTC signals support for the Cryptocurrency Clarity Act in January
The regulatory focus intensified following the Senate's confirmation of Michael Selig as the sixteenth president of the Commodity Futures Trading Commission. In a post on X, the CFTC president stated that lawmakers are "ready" to push legislation that will regulate digital asset markets. He added that increasing participation and rapid technological change have been key factors.
Selig thanks President Donald Trump for appointing him president of the agency. He added that the CFTC is entering a new era as technology transforms market behavior. He also highlighted the agency's continuity amid a transition.
Selig thanks President Donald Trump for appointing him president of the agency. He added that the CFTC is entering a new era as technology transforms market behavior. He also highlighted the agency's continuity amid a transition.
The CLARITY Act Debate and the Future of Digital Banking
In the context of the World Economic Forum, Brad Garlinghouse (Ripple) has been clear: the industry needs pragmatic clarity, not perfection. While the White House, through Patrick Witt, promotes the bill as the "best time" under a favorable administration, Garlinghouse predicted on CNBC that the market will reach all-time highs this year.
Banks and Stablecoins: One Industry
David Sacks stated that, after the legislation, banking and cryptocurrencies will merge. He predicted that banks will accept paying yields by integrating stablecoins into their businesses. Sacks recalled that, although the GENIUS Act (enacted in August) prohibits issuers from paying yields, external providers can do so, guaranteeing rewards even if the CLARITY Act faced obstacles.
Banks and Stablecoins: One Industry
David Sacks stated that, after the legislation, banking and cryptocurrencies will merge. He predicted that banks will accept paying yields by integrating stablecoins into their businesses. Sacks recalled that, although the GENIUS Act (enacted in August) prohibits issuers from paying yields, external providers can do so, guaranteeing rewards even if the CLARITY Act faced obstacles.
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