CLARITY Act talks could resume with deal on stablecoin interest

While the markup for the U.S. crypto market structure bill, the CLARITY Act, has been postponed, discussions could advance if a bipartisan agreement on stablecoin interest payments is reached in the near future, according to Eleanor Terrett, host of "Crypto in America." Terrett reported that after speaking with industry insiders and aides from the U.S. Senate Banking Committee, the prevailing view is that there is still hope for the bill. Concerns previously raised by Coinbase, such as a de facto ban on tokenized stocks and the weakening of the Commodity Futures Trading Commission's (CFTC) authority relative to the SEC, are reportedly not considered major obstacles. She explained that some tokenization firms believe Coinbase may have misinterpreted the bill, and there is optimism as discussions are underway to either significantly revise or completely remove the contentious provisions.