U.S. Senate Majority Leader John Thune stated that the Clarity Act, which aims to create a comprehensive market structure for digital assets, is unlikely to pass the Senate Banking Committee before April. The proposal is closely followed by the crypto industry as it seeks to define how digital assets will be regulated in the country.
Although the bill previously passed the House of Representatives, discussions in the Senate have slowed the process due to disagreements over certain provisions. Thune said he still expects the proposal to move forward but indicated that the realistic timeline now points to the spring months.
One of the main sticking points involves whether stablecoins should be allowed to offer interest-like yields. Banks argue that such a move could pull deposits away from traditional banking institutions, while digital asset advocates believe it could attract new capital into the financial system. Analysts suggest that once regulatory clarity is achieved, institutional participation in the crypto market could increase significantly in the second half of the year.
