Senator John Thune said the crypto-focused CLARITY Act faces further delays due to unresolved disagreements between banks and stablecoin issuers.
The long-awaited Crypto Clarity Act is unlikely to advance through the Senate Banking Committee before April, according to Senator John Thune. The delay stems from ongoing disagreements between banks and stablecoin issuers over key legislative provisions, per reporting from The Block.
The CLARITY Act has been a focal point for crypto industry advocates seeking regulatory clarity on digital assets and stablecoin issuance. The continued stalling of the legislation signals that critical stakeholders have yet to align on framework details, pushing any Senate committee vote further into 2025.
Sources: Senator John Thune (via BSCNews) | The Block