The Clarity Act is stuck in the US Senate as a dispute over stablecoin interest blocks the most important crypto law in US history.
Legal & Compliance
Hong Kong grants first stablecoin licenses to HSBC and Standard Chartered: HKMA selects only 3-4 issuers from 36 applicants.
US Senate advances a CBDC ban with an 84-to-6 vote, embedded in a housing bill – a clause prohibits Fed-issued digital currency until 2030.
Kraken Financial becomes the first crypto firm to gain a Fed Master Account, securing direct access to the Fedwire payment system.
Trump warns US banks against blocking his crypto agenda and calls for swift passage of the Clarity Act market structure law.
JPMorgan predicts a comprehensive crypto rally if the US crypto market structure law CLARITY Act passes by mid-2026.
Passive stablecoin yields are off the table: the crypto industry loses the yield war against the banking lobby in the CLARITY Act.
The Swiss Bankers Association demands direct stablecoin issuance rights for banks in its official position on the planned FinIA amendment.
The EU’s 20th sanctions package proposes a complete ban on all crypto transactions with Russian service providers.
US banking groups block Fed crypto access: Associations demand delays for payment accounts while stablecoin firms want access.
China tightens its crypto ban: Eight authorities prohibit yuan stablecoins and RWA tokenization with immediate effect.
White House meeting on stablecoin yield ends without agreement: banks and crypto industry continue to clash over the CLARITY Act.
The White House mediates stalled CLARITY Act negotiations between the crypto industry and banks ahead of a February 2 meeting.
The US Senate introduces counter-proposal to the Clarity Act. The Digital Commodity Intermediaries Act grants the CFTC primary crypto oversight.
Coinbase withdraws support for CLARITY Act. Banking lobby fights stablecoin yields and the Senate postpones the vote.
Russia prepares law granting retail investors access to the crypto market. Trading limit of 300k rubles, implementation planned by July.
Digital finance transparency relies on Proof of Reserves, Merkle trees, MPC custody and 24/7 monitoring to verify solvency and safeguard user assets.
The CLARITY Act is set to shape the future market structure of digital assets in…
