Server-rendered tracker page for stablecoin regulation in United States. This page is built for Google and LLM crawlers: every event below links to a permanent policy-event URL with source data and APAC FINSTAB analysis.
Jurisdiction: United States. Regulator: SEC / CFTC / Treasury / Congress. Topic: Stablecoin. Latest event: September 25, 2026 — Federal Reserve Opens GENIUS Act Stablecoin Issuer Rule Proposals.
Use this page to compare rule changes, licensing signals, enforcement posture, and market-access implications for exchanges, stablecoin issuers, protocols, custodians and institutional teams operating across APAC.
The Federal Reserve requested public comment on two proposals establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act. The proposals move issuer supervision, reserves, capital, redemption and reporting controls from statute into agency implementation.
Tether said assets held with EQIBank represent less than 0.034% of total assets after reports that the offshore digital bank faces liquidation pressure following U.S. asset seizures. The case highlights stablecoin reserve-bank concentration, seizure risk and redemption resilience controls.
US officials are reportedly considering ways to promote dollar stablecoin use abroad as part of a broader dollar-demand strategy. The policy direction would put reserve quality, issuer supervision, sanctions screening, and Treasury-market links at the center of cross-border stablecoin growth.
The OCC granted preliminary conditional approval for Agora National Trust Bank, moving a stablecoin infrastructure firm toward direct federal trust-bank supervision for custody, stablecoin operations and transaction services.
Column launched a stablecoin service that connects USDC and USDT conversion directly to its own bank core, supporting 24/7 stablecoin-fiat movement alongside SWIFT, RTP and ACH rails. The model compresses settlement time but makes real-time AML screening, chain analytics, refund handling and fiat-clearing status part of the same control stack.
Senate Republicans released a final revised Crypto Market Clarity Act text ahead of a September 15 cloture vote, with changes touching BRCA, stablecoin yield and agriculture-title provisions. Exchanges, brokerages, custodians and DeFi front ends need to map the final text against registration paths, exemptions and yield product limits.
A Financial Times report relayed in the policy channel says Iran-linked actors are using Bitcoin and USDT to bypass US sanctions. Compliance teams need tighter sanctions screening, address clustering, stablecoin freeze-status checks and fiat off-ramp monitoring for Iran-linked flows.
US Bank completed a first live cross-border payment using its own USBDC stablecoin, moving a bank-issued stablecoin rail from proof-of-concept toward live settlement. The event raises policy questions around issuer status, reserves, redemption rights, Travel Rule controls and cross-border reporting.
FinCEN published an analysis identifying nearly $13 billion in suspected digital asset scam activity operated by overseas scam centers. The alert raises BSA monitoring expectations around USDT flows, DeFi conversion paths, and suspicious activity reporting by financial institutions.
SEC Chair Paul Atkins said the Regulation Crypto Assets proposal would be a historic step toward making the United States a crypto center, while also expecting the Crypto Clarity Act to pass this month. The combined signal points to federal classification, exchange registration, disclosure and custody rules moving toward a single market-structure baseline.
Two Thai merchants reportedly sued Tether in the Southern District of New York over roughly $42.4 million in USDT frozen after an informal HSI request before a later seizure order. The dispute highlights legal-risk questions around issuer freeze authority, court process, asset seizure and user recovery rights.
The Independent Community Bankers of America urged lawmakers to close the CLARITY Act stablecoin rewards loophole entirely rather than limiting only usage-based rewards. The lobbying fight affects whether wallets, exchanges and issuers can use cashback, points or balance incentives as stablecoin distribution tools.
Reports on WLTC Holdings disclosed a 49% stake held by Abu Dhabi-linked investors and about 38% held by Trump-family-linked entities after OCC preliminary conditional approval for World Liberty Trust Company. The structure raises control, sanctions screening, related-party and conflict-of-interest questions around a crypto-linked national trust bank path.
Dallas Fed researchers warned that tokenized deposits could make bank funding more rate-sensitive by enabling faster automated movement of deposits through instant settlement, smart contracts and AI agents. A 10% rise in deposit-rate sensitivity could reduce banks' interest-rate risk capacity by about $700 billion, making liquidity controls and redemption design central to tokenized deposit oversight.
Reports said JPMorgan and a broader group including Bank of America, Wells Fargo and Santander continue to evaluate bank-led stablecoin initiatives as non-bank issuers expand payment token activity. Bank stablecoins would reshape expectations for issuer eligibility, reserve custody, redemption speed, transfer permissions and compliance recordkeeping.
Thirty-nine U.S. state banking associations formed the BankChain Alliance to develop a bank-led blockchain network for smart payments, tokenized deposits and stablecoin applications by 2027. The initiative could shift bank-issued token standards toward state-level coordination, permissioned identity and compliance controls.
Zerohash has refiled a narrower OCC national trust bank charter application after its earlier application was returned without decision. The public comment period runs to September 17 and will test the licensing boundary for digital asset custody, settlement and institutional infrastructure.
CME Group expanded its single-asset crypto benchmark set with ENA reference rates and real-time indices across regional pricing windows. Institutional benchmark coverage can improve valuation inputs, but it also increases scrutiny on Ethena reserve mechanics, yield design and market manipulation controls.
Justin Sun said a California federal court rejected World Liberty Financial's effort to move a USD1-related dispute into sealed arbitration, leaving claims about stablecoin freeze and burn controls for public review. The case puts issuer-control powers, disclosure and user-asset restrictions at the center of stablecoin due diligence.
The OCC is racing to finalize GENIUS Act stablecoin rules by November and prepare to process stablecoin issuer applications in early 2027. The move would turn U.S. dollar stablecoin issuance into a bank-supervised regime covering reserves, redemption, audits, custody and examination controls.
FASB issued a proposed accounting standards update clarifying how the existing cash-equivalent definition can apply to some digital assets, including stablecoins, while requiring stronger component disclosures. The proposal could reduce reporting friction for corporate stablecoin balances but raises audit scrutiny around reserves, redemption and classification support.
The Wyoming Stable Token Commission moved Frontier Stable Token cross-chain infrastructure from LayerZero to Chainlink CCIP and plans to fully retire the LayerZero version after migration. A state-backed stablecoin selecting bridge infrastructure after a security review raises compliance focus on mint authority, bridge controls and vendor concentration.
The OCC conditionally approved World Liberty Trust Co. for a national trust bank charter tied to USD1 stablecoin issuance, custody and redemption functions. The decision moves stablecoin oversight toward bank-charter conditions, reserve governance and enforceable redemption controls.
Citigroup CEO Jane Fraser said she supports passage of the CLARITY Act while continuing to seek changes to stablecoin reward provisions. The debate highlights the regulatory boundary between prohibited yield-like stablecoin rewards and permissible transaction or payment incentives.
Circle announced Arc founding validators including BlackRock, DTCC, ICE, Mastercard, Standard Chartered and Visa, with public mainnet targeted for September 16, 2026. The validator cohort moves stablecoin settlement infrastructure deeper into institutional governance and integration channels.
The U.S.-U.K. Financial Regulatory Working Group discussed GENIUS Act implementation, digital-asset market structure, tokenization and the G20 cross-border payments roadmap. The statement signals continued transatlantic coordination around stablecoins, tokenized assets and payment innovation.
Mastercard completed its acquisition of BVNK, expanding stablecoin payment infrastructure and fiat-digital currency interoperability capabilities. The transaction brings bank-grade payment networks deeper into stablecoin rails, raising compliance focus on merchant KYC, settlement controls, Travel Rule coverage and licensing footprint.
Circle received a limited purpose trust charter from the New York Department of Financial Services for Circle Internet Trust Company, doing business as Circle New York Trust. The approval deepens USDC issuer supervision and clarifies the state trust path for stablecoin infrastructure.
US authorities filed a civil forfeiture action seeking roughly 2.118 million USDT tied to alleged Southeast Asia pig-butchering investment fraud. The case highlights continued law-enforcement focus on USDT flows through social-engineering scams, fake trading venues and cross-border laundering networks.
BNY Mellon is preparing 24/7 U.S. Treasury settlement infrastructure and plans tokenized Treasury pilots before the end of 2026. The move pushes tokenized securities and stablecoin-linked settlement from experiments toward regulated market infrastructure.
CoinDesk reported that Tether and other foreign stablecoin issuers face a two-year GENIUS Act compliance countdown before U.S. crypto platforms may be barred from offering non-compliant stablecoins. The deadline ties USDT market access to issuer registration, reserve controls and the ability to comply with U.S. lawful orders.
Federal Reserve Chair Kevin Warsh told Congress that the central bank does not intend to bail out crypto or stablecoin projects while regulators finalize GENIUS Act rules. The stance increases pressure on issuers and venues to evidence reserve quality, redemption controls and private-sector resolution planning.
Florida's HB 175 establishes a state-level licensing and prudential framework for payment stablecoin issuers under the Office of Financial Regulation. The law aligns state supervision with the federal GENIUS Act and turns stablecoin issuance into a distinct money services business compliance track.
Senator Thom Tillis proposed a potential FDIC and OCC circuit breaker to address bank concerns that yield-bearing stablecoins could pull deposits from traditional lenders. The proposal keeps stablecoin yield restrictions, banking safeguards and consumer protections at the center of U.S. market-structure negotiations.
HM Treasury published a UK-US joint statement affirming that regulated stablecoins should support cross-border payments, settlement and tokenized markets under comparable rules. The framework emphasizes one-to-one high-quality liquid reserves, custody segregation, redemption rights and cross-border supervisory pathways.
Circle received final Office of the Comptroller of the Currency approval to establish a federally supervised national trust bank. The charter strengthens the federal oversight path for USDC reserve custody and future stablecoin infrastructure.
CFTC Chair Mike Selig said the United States should ensure a central bank digital currency cannot move forward under the Trump administration. The statement reinforces a policy split between public CBDC development and private stablecoin or market-structure legislation as the preferred U.S. digital-dollar path.
Federal Reserve Governor Christopher Waller framed stablecoins and tokenized assets as channels for global dollar intermediation at the Fed's dollar conference. The signal raises policy focus on stablecoin reserves, redemption resilience and links to U.S. Treasury demand.
The Wall Street Journal reported that Iran, Russia, North Korea and other sanctioned actors handled about USD100 billion in crypto last year, citing blockchain analytics firms and Western authorities. The scale reinforces pressure on exchanges, stablecoin issuers and bridges to strengthen sanctions screening and illicit-flow monitoring.
Pakistani officials said an MOU linked to USD1 cross-border payments had not produced a pilot, licence or known transaction six months after signing. The correction distinguishes government cooperation announcements from regulated stablecoin deployment and live payment activity.
Cloudflare opened the waitlist for a Monetization Gateway that lets customers charge for webpages, datasets, APIs and MCP tools, with payments settling in stablecoins over x402. The launch turns stablecoin settlement into machine/API payment infrastructure and raises KYC, sanctions and cross-border payment questions for programmable web access.
Robinhood broadened European perpetual futures beyond crypto to commodities, ETFs and foreign exchange with up to 10x leverage, while planning a UK crypto-trading launch and adding a USDG lending product. The expansion tests MiFID, crypto promotion, derivatives and stablecoin-lending boundaries across Europe and the UK.
Open Standard and more than 140 partners plan to launch Open USD, a dollar stablecoin positioned around low-cost minting, redemption and partner distribution. The structure widens stablecoin due diligence from reserves to issuer accountability, network governance, revenue sharing and redemption responsibility.
JPMorgan Kinexys expanded Blockchain Deposit Accounts to support AUD, HKD, JPY, RMB and SGD, extending 24/7 tokenized commercial-bank deposit settlement across core APAC currencies. The product provides a regulated bank-liability benchmark for stablecoin, tokenized-deposit and institutional settlement policy debates.
Invesco filed to add the Invesco Stablecoin Reserves Onchain Fund to its Short-Term Investments Trust, with onchain shares intended to qualify as stablecoin reserve assets under the GENIUS Act framework. The filing shows large asset managers building regulated tokenized Treasury infrastructure for payment-stablecoin issuers.
Polymarket said a compromised third-party vendor injected malicious code into its frontend and that affected users would be refunded. The incident raises compliance and operational-risk questions for prediction-market platforms using platform stablecoins such as pUSD.
Telcoin Digital Asset Bank launched U.S. onchain bank accounts in Telcoin Wallet that are natively tied to bank-issued eUSD stablecoins. The Nebraska DADI charter model creates a regulated bank-account-to-stablecoin path that matters for GENIUS Act-compliant yield, deposits and consumer payment rails.
The U.S. House passed H.R. 6644 with a Title XI provision barring the Federal Reserve from issuing a retail CBDC or substantially similar digital asset through December 31, 2030. The step extends the legislative split between public digital-dollar issuance and privately issued stablecoins after the Senate vote flagged in the prior tracker update.
The OCC issued Bulletin 2026-28 on proposed AML/CFT and sanctions compliance standards for permitted payment stablecoin issuers under the GENIUS Act. The rulemaking formalizes customer identification, BSA and sanctions expectations for stablecoin issuance and raises the compliance bar for dollar stablecoin counterparties.
The U.S. Senate passed a housing affordability bill that includes a temporary prohibition on the Federal Reserve issuing a central bank digital currency. The provision would reinforce the policy split between public CBDC issuance and privately issued dollar stablecoins under the GENIUS Act framework.
The U.S. Drug Enforcement Administration posted an official forfeiture notice listing multiple Tether assets totaling about 1.66 million USDT, including seizures tied to unidentified parties in El Salvador and Wolfbite S.A.S. in Colombia. The notice reinforces stablecoin seizure and forfeiture as a routine law-enforcement workflow for crypto asset exposure.
The FDIC, Federal Reserve, OCC, NCUA and FinCEN proposed a GENIUS Act rule requiring permitted payment stablecoin issuers to be treated as financial institutions under the Bank Secrecy Act and maintain customer identification programs. The proposal moves stablecoin issuance toward bank-style AML/KYC onboarding and reliance controls.
Fidelity launched the Fidelity Reserves Digital Fund for stablecoin issuers and institutional investors, targeting reserve assets permitted under the GENIUS Act. The product shows traditional asset managers turning stablecoin reserve compliance into regulated money-market infrastructure.
A group of U.S. senators urged the Treasury Department not to sideline state supervisors in GENIUS Act stablecoin implementation. The dispute affects whether stablecoin issuers can rely on a dual federal-state pathway or face a more centralized federal process.
Coinbase's x402 payment protocol and AWS CloudFront/WAF integration point to machine-to-machine stablecoin settlement for AI agent traffic through HTTP 402 payment flows. The development creates a new compliance surface for automated payments, merchant controls and stablecoin transaction monitoring.
Early Warning Services announced Zelle's first international expansion to India and unveiled ZelleUSD, a proprietary U.S. dollar-backed stablecoin intended to support future international payment capabilities. A bank-owned P2P network moving into stablecoin remittances raises reserve, issuer, AML and cross-border licensing questions for bank-led payment rails.
Hyperliquid Policy Center and Paradigm urged the U.S. Treasury to revise proposed FinCEN and OFAC rules implementing the GENIUS Act. Their position would concentrate stablecoin issuer compliance duties around primary issuance while clarifying sanctions obligations for secondary and decentralized markets.
HTX said World Liberty Financial unilaterally froze HTX-linked on-chain addresses after sanctions-compliance reviews, forcing HTX to suspend WLFI and USD1-related markets. The case turns issuer blacklist authority into a direct exchange listing and custody risk for sanction-sensitive tokens and stablecoins.
Hyperion DeFi disclosed the wind-down of USDH-related HYPE deployment arrangements with Native Markets and Felix, repositioning about 800,000 HYPE tied to roughly USD 28.7 million of assets. The filing shows how a stablecoin sunset can transmit through listed-company treasury arrangements and DeFi deployment contracts.
JPMorgan, Bank of America, Citigroup, Wells Fargo and other large U.S. banks are reportedly backing a tokenized deposit network operated by The Clearing House for early 2027. The plan creates a bank-liability alternative to nonbank stablecoins and raises the regulatory stakes for tokenized deposits, settlement rails and stablecoin competition.
Visa and Brale announced a proof of concept to test Brale's SBC dollar stablecoin for institutional settlement on the Canton Network. The collaboration focuses on privacy-enabled settlement infrastructure, making stablecoin compliance, programmability and transaction visibility controls a core institutional-payment issue.
Circle blacklisted a Zama confidential USDC contract after a wallet linked to Overnight Finance was flagged in litigation, trapping roughly $12.6 million of shared cUSDC liquidity. The case shows how stablecoin compliance actions can create contract-level collateral damage for privacy wrappers, yield pools and other pooled stablecoin products.
Anchorage Digital Bank's USA stablecoin transparency page and latest reserve coverage show USA-backed supply expanding sharply through April while maintaining disclosed reserve backing. The report makes bank-issued stablecoin attestations a live comparison point for post-GENIUS Act stablecoin listing and custody reviews.
Mastercard secured New York approval to operate digital asset and stablecoin payment infrastructure. The approval brings a global card network deeper into regulated stablecoin settlement and merchant payment rails.
The FDIC approved a proposed rule requiring FDIC-supervised permitted payment stablecoin issuers to follow BSA, AML/CFT, sanctions and reporting standards under the GENIUS Act. The proposal extends bank-style illicit-finance supervision and enforcement expectations into stablecoin issuance.
Treasury's FinCEN and OFAC proposal would require permitted payment stablecoin issuers to maintain AML/CFT and sanctions compliance programs under the GENIUS Act. The framework pushes stablecoin issuance toward bank-like illicit-finance controls and formal sanctions screening obligations.
President Trump signed an order directing federal financial regulators to review rules within three months and pursue fintech and digital-asset integration measures within six months. It also asks the Federal Reserve to assess access to Reserve Bank accounts for uninsured depository institutions and nonbank financial companies, giving stablecoin and crypto payment firms a clearer policy timetable.
The National Credit Union Administration proposed operating and risk-management standards for NCUA-licensed permitted payment stablecoin issuers, with comments due July 17. The proposal expands the US stablecoin rulemaking stack beyond banks and crypto-native issuers by giving credit-union affiliates a defined PPSI path.
Coinbase became Hyperliquid's official USDC treasury deployer as USDH is sunset and USDC is elevated as the ecosystem's aligned quote asset. The transaction shows a DeFi derivatives venue importing CEX balance-sheet, stablecoin and compliance infrastructure instead of operating a fully independent native stablecoin stack.
Anchorage Digital and Grupo Salinas' Coinpro unit formed a partnership to use bank-grade stablecoin infrastructure for cross-border U.S. dollar settlement. The deal pushes federally chartered crypto-bank rails deeper into Mexico-U.S. payments and adds compliance pressure to informal USDT-MXN settlement channels.
A bipartisan Senate group failed to reach a final CLARITY Act deal before the May 14 markup, with Senator Cynthia Lummis saying most text is settled but ethics provisions remain unresolved. The split keeps U.S. crypto market-structure legislation moving, but raises the risk of a more partisan markup and late changes to stablecoin and DeFi provisions.
CoinDesk and Reuters reported that the U.S. Senate Banking Committee published the latest crypto market structure bill before Thursday's markup, preserving DeFi developer protections while keeping limits on stablecoin rewards and leaving ethics language unresolved.
The American Bankers Association urged banks to pressure senators for tighter limits on stablecoin yield before the Senate Banking Committee's CLARITY Act markup, underscoring how stablecoin design remains a core financial-stability flashpoint in U.S. crypto legislation.
The Senate Banking Committee officially scheduled its long-awaited vote on the CLARITY market-structure bill, but bank opposition to stablecoin rewards and Democratic objections over ethics provisions show the bill is moving forward with material political and policy risks still unresolved.
At Consensus Miami, White House digital-assets adviser Patrick Witt said the CLARITY Act could be signed into law by July 4 if Senate markup, bicameral reconciliation and final votes stay on track. Senator Kirsten Gillibrand also argued the market-structure bill needs an ethics provision, showing the legislation is advancing but still politically conditional.
Senator Elizabeth Warren asked Meta to disclose details of its planned 2026 stablecoin integration, including counterparties, launch timing and privacy guardrails. The letter raises the probability of sharper congressional scrutiny around Big Tech participation in stablecoin payments.
Senate Banking Chair Tim Scott confirmed the CLARITY Act will be marked up on May 14, reviving a bill that had stalled over developer protections, stablecoin yield and DeFi provisions. The scheduled committee vote materially improves odds of near-term US market structure legislation.
CLARITY Act markup faces further delays despite stablecoin yield compromise. Senator John Kennedy withholds support due to frustration over unrelated housing legislation (21st Century ROAD to Housing Act). Software developer protections under BRCA/Section 1960 remain unresolved. Senate Banking Chair Tim Scott needs all 13 Republican votes before bipartisan markup. Window tightens with delay past mid-May making summer passage harder.
Circle (CRCL) shares jumped 19.9% after weekend CLARITY Act compromise preserving activity-based stablecoin rewards while banning passive yield on idle balances. Coinbase gained 6.1%. The Tillis-Alsobrooks compromise allows rewards tied to trading, transactions or staking, but bars savings account-like interest. Bank of America called it a net positive for the sector, reducing deposit flight concerns and regulatory uncertainty.
US Securities and Exchange Commission has scheduled a CLARITY Act roundtable for May 2026, bringing together SEC and CFTC officials with crypto industry representatives. The roundtable will debate digital asset market structure jurisdiction before Senate Banking Committee markup targeting the week of May 11, 2026. This represents a critical juncture for comprehensive crypto legislation in the US.
Senate Banking is targeting late April for CLARITY Act markup, with Senator Bernie Moreno warning that missing May floor vote could push legislation past 2026 midterms. Senators Tillis and Alsobrooks reached 99% agreement on stablecoin yield compromise - barring passive yield on held stablecoins while allowing activity-based rewards. Key unresolved issues: community bank deregulation, ethics provisions for crypto-linked officials, DeFi treatment. APAC implications: US regulatory clarity would benefit Hong Kong and Singapore exchanges with US-compliant infrastructure.
Federal Reserve Governor Michael Barr delivered remarks warning that stablecoins could still pose financial stability risks despite the GENIUS Act. Key concerns include: 1) AML/terrorist financing risks from secondary market purchases without KYC, 2) Reserve asset quality and liquidity during market stress, 3) Potential for runs similar to Free Banking Era and 2008 money market fund crisis. Barr emphasized success depends on regulatory implementation details including reserve asset rules, capital/liquidity requirements, and consumer protection.
Bipartisan deal breaks two-month stalemate on CLARITY Act stablecoin yield provisions. The compromise clarifies that stablecoin yields are regulated by SEC under new framework. APAC exchanges serving US customers must now assess compliance implications, while Hong Kong's recently launched stablecoin licensing regime appears well-positioned to benefit from US regulatory clarity driving institutional adoption.
Senators Thom Tillis and Angela Alsobrooks reach compromise on stablecoin yield provisions in the CLARITY Act. The deal bans passive yields on stablecoins but permits activity-based rewards. Banks gain significant advantage under the framework while crypto firms receive a regulatory path forward. The breakthrough could accelerate passage with implications for APAC stablecoin issuers competing for US market access.
US senators attempt to advance the stalled crypto Clarity Act through a compromise on stablecoin yield provisions. Prediction markets place passage odds at 18% for 2026. The legislative uncertainty affects APAC exchanges seeking US market access and influences regional regulatory timelines.
Florida lawmakers approve a bill requiring stablecoin issuers to obtain licenses from the states Office of Financial Regulation (OFR). The bill, if signed into law, would make Florida the first US state with formal stablecoin issuer oversight, setting a precedent for state-level crypto regulation that could influence APAC jurisdictions considering similar frameworks.
US Office of the Comptroller of the Currency launches GENIUS Act rulemaking and requests public feedback. The law takes effect no later than January 18, 2027, outlining a structured stablecoin regulation framework. Banks and crypto firms must prepare for stricter compliance requirements with implications for APAC stablecoin issuers.
OCC issued 376-page proposed rulemaking to implement GENIUS Act for federal qualified payment stablecoin issuers. Key provisions include $5M minimum capital floor for de novo issuers, rebuttable presumption on yield ban violations via affiliates, and capital/operational backstop framework. BSA/AML compliance deferred to separate Treasury rulemaking.
White House gives crucial nod to stablecoin rewards provision, marking pivotal shift in US crypto regulation. The CLARITY Act gains momentum with rare alignment between lawmakers and regulators on crypto market structure.
CFTC Chair Michael Selig confirms CLARITY Act is close to becoming law. SEC Chair Paul Atkins supports the bill, describing joint SEC-CFTC effort 'Project Crypto.' Senate Agriculture Committee passed related version in January 2026. Fairshake PAC holds $193M for 2026 midterms. Banking industry opposition to stablecoin yield loopholes continues but momentum remains strong.
Industry groups warn Congress that removing certain exemptions from CLARITY Act would stifle domestic innovation and undermine dollar dominance. Treasury Secretary Bessent accuses some firms of preferring no bill to compromise.
Treasury Secretary Bessent tells Reuters the CLARITY Act should pass this spring to give 'great comfort to the market' amid volatility. Warns some crypto industry players resisting 'very good regulation.'
Treasury Secretary Bessent warns that Coinbase stance is blocking major stablecoin legislation. CLARITY Act needs to pass for crypto to 'remain viable.' Bipartisan support expected but disputes over stablecoin rewards and regulatory scope delaying markup.
White House hosts landmark meeting with JPMorgan, Bank of America, Wells Fargo, Coinbase, Ripple, and Circle to discuss stablecoin yield and tokenization rules. CLARITY Act advancing despite banking industry opposition to stablecoin yield provisions.
White House summit discusses GENIUS Act implementation details. Stablecoin licensing framework advancing. CLARITY Act facing delays over bankers' opposition to stablecoin yield provisions.