تسعى جهود الضغط التي تبذلها البنوك إلى "قتل" قانون CLARITY قبل إغلاق نافذة انتخابات مجلس الشيوخ الأمريكي

The US Senate’s most significant effort to establish a comprehensive federal framework for digital asset markets, the CLARITY Act, is in imminent danger of slipping into May. Amid fierce pressure from traditional financial institutions, Senator Thom Tillis (R-NC) is actively pressing Senate Banking Committee leadership to delay advancing the CLARITY Act . The delay turns what was expected to be a breakthrough in late April into a critical test of whether Congress can finalize a broader crypto market-structure bill before the election-year legislative calendar closes entirely. The stakes for the digital asset sector extend far beyond basic scheduling. The CLARITY Act serves as the Senate’s primary legislative vehicle for setting federal rules governing digital asset markets, aiming to resolve years of jurisdictional infighting over which regulators oversee trading platforms, token issuers, and spot markets. While the US House of Representatives decisively passed its version of the bill by a bipartisan 294-134 margin in July 2025, the Senate has spent months paralyzed by a highly specific, narrow dispute: whether crypto platforms should be legally permitted to offer consumer rewards that resemble interest on stablecoin balances. Related Reading CLARITY Act explicitly leaves DeFi rules blank, risking a total retail protection collapse if negotiations fail A January markup is the start of the sausage-making process, not the finish line Sacks claims. Dec 21, 2025 · Gino Matos The GENIUS Act and the stablecoin yield loophole The current legislative gridlock traces its roots back to the GENIUS Act . Signed into law on July 18, 2025, the legislation successfully established a baseline federal framework for payment stablecoins, mandating strict one-to-one fiat reserves. However, the law intentionally left a critical gray area unresolved, failing to decisively settle whether third parties or affiliated platforms could structure products that pass yield-like rewards back to st