In a strategic bid to salvage stalled legislation and placate a skeptical banking sector, the cryptocurrency industry is proposing significant concessions centered on stablecoins. The core proposal involves requiring stablecoin issuers to hold a portion of their reserves at community banks, aiming to preserve a market structure bill that could reshape the financial landscape. However, deep divisions remain over key issues like customer rewards and the potential for massive deposit outflows from traditional banks, casting uncertainty over whether these overtures will be enough to secure a legislative breakthrough.
about Crypto Firms Offer Banks Stablecoin Reserve Sharing to Save Market BillTim Scott
1 posts last weekWhite House Advisor Warns Crypto: Compromise Now or Face Harsher Rules
A stark political warning from the Trump administration’s top digital assets advisor has intensified the debate over America’s crypto regulatory future. Patrick Witt, head of the President’s Council of Advisors for Digital Assets, has publicly challenged the cryptocurrency industry—and Coinbase CEO Brian Armstrong directly—to accept compromise legislation now or risk facing far more restrictive regulations crafted by Democrats later. The confrontation centers on the stalled CLARITY Act and exposes a fundamental strategic rift within the crypto lobbying community as a rare political window for rulemaking begins to close.
about White House Advisor Warns Crypto: Compromise Now or Face Harsher RulesUS Senate Delays Crypto Bill Markup Amid Industry Pushback
The U.S. Senate Banking Committee has postponed a critical markup of digital asset market structure legislation, revealing significant fractures between policymakers and the cryptocurrency industry. The delay, announced by Chairman Tim Scott, follows the withdrawal of support from major player Coinbase, which objects to provisions banning stablecoin yields and expanding surveillance. As bipartisan negotiations continue, the setback underscores the profound challenge of crafting crypto regulation that protects consumers without crippling innovation in the United States.
about US Senate Delays Crypto Bill Markup Amid Industry PushbackU.S. Senate Bill Could Grant Major Altcoins Regulatory Relief
A draft U.S. Senate bill could exempt major cryptocurrencies like XRP, Solana, and Dogecoin from securities regulations by classifying them as ‘non-ancillary’ assets. The provision ties regulatory status to inclusion in exchange-traded products by 2026, creating a potential pathway for institutional adoption. However, the bill’s fate remains uncertain amid political dynamics.
about U.S. Senate Bill Could Grant Major Altcoins Regulatory ReliefUS Senate to Vote on Crypto Market Structure Bill Next Week
The U.S. Senate Banking Committee is poised for a critical vote next week on the CLARITY Act, a landmark bill that could define the regulatory future of digital assets in America. Scheduled for markup and a committee vote as early as next Thursday, the legislation aims to resolve long-standing ambiguities by delineating oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). However, with significant policy disputes still unresolved and markets reacting sharply to every legislative hint, the path forward remains fraught with both opportunity and uncertainty.
about US Senate to Vote on Crypto Market Structure Bill Next WeekStablecoin Rewards Debate Heats Up Ahead of Crypto Bill Vote
As the U.S. Senate Banking Committee prepares for a pivotal markup vote on crypto market structure legislation, the debate over stablecoin rewards has escalated into a defining battle. Banking groups warn these yield-like payments threaten local lending by drawing deposits away from community banks, while crypto industry leaders counter that they are essential for innovation, customer loyalty, and maintaining U.S. competitiveness against rivals like China. With lawmakers promising regulatory “parity,” the resolution of this issue could determine the fate of the landmark bill and shape the future of digital finance in America.
about Stablecoin Rewards Debate Heats Up Ahead of Crypto Bill VoteCLARITY Act Faces Years of Delays Despite January Markup
The announcement of a January 2026 markup for the CLARITY Act has been framed as progress toward finishing the job of U.S. crypto regulation. In reality, this procedural step merely opens a multi-year pipeline where the most contentious questions—from defining a security to regulating decentralized finance—remain unresolved in bracketed statutory text. The path from markup to binding law involves merging competing Senate drafts, securing supermajority votes, navigating presidential politics, and surviving inevitable court challenges, meaning market participants face years of regulatory uncertainty before any final framework is implemented.
about CLARITY Act Faces Years of Delays Despite January MarkupSenate Crypto Bill Advances Amid Regulatory Power Concerns
The U.S. Senate is poised to take a critical step toward establishing the nation’s first comprehensive crypto regulatory framework, with the Digital Asset Market Clarity Act scheduled for a January committee markup. While this marks significant legislative progress following bipartisan House approval, the advancement is clouded by deep Democratic concerns over presidential power and fears that the bill could centralize the industry, favoring established giants over innovative startups.
about Senate Crypto Bill Advances Amid Regulatory Power ConcernsUS Senate Delays Crypto Market Structure Hearings to 2026
The US Senate Banking Committee has officially postponed crucial markup hearings on crypto market structure legislation until 2026, a significant delay that pushes potential regulatory clarity for digital assets years into the future. Despite the schedule setback, a spokesperson for Committee Chairman Tim Scott confirmed that “strong progress” continues in bipartisan negotiations with Democratic counterparts. This move underscores the persistent legislative challenges in establishing a comprehensive regulatory framework for the crypto industry, extending a period of uncertainty for businesses and investors.
about US Senate Delays Crypto Market Structure Hearings to 2026Senate Crypto Bill Could Reach Trump by Early 2026
Senate Banking Committee Chair Tim Scott has announced ambitious plans to advance comprehensive cryptocurrency market structure legislation through committee markup in December, with the goal of reaching President Donald Trump’s desk for signing by early 2026. This legislative push represents a significant step toward establishing the United States as a global leader in digital asset regulation, though the path forward requires navigating ongoing negotiations with Democratic senators who Scott claims are delaying progress.
about Senate Crypto Bill Could Reach Trump by Early 2026STREAMLINE Act Aims to Modernize US Anti-Money Laundering Rules
A bipartisan group of US senators led by Senate Banking Committee Chair Tim Scott has introduced the STREAMLINE Act, legislation that would modernize the country’s 50-year-old anti-money laundering framework by raising transaction reporting thresholds for the first time since the Bank Secrecy Act’s creation in 1970. This proposed overhaul aims to reduce regulatory burdens on both traditional financial institutions and cryptocurrency companies while maintaining effective financial crime detection capabilities.
about STREAMLINE Act Aims to Modernize US Anti-Money Laundering RulesBofA CEO Blames Regulators Amid Political Banking Claims
Bank of America CEO Brian Moynihan has refuted accusations that the institution avoids doing business with conservatives, arguing that regulatory scrutiny is the real challenge. Former President Donald Trump previously claimed that BofA and other banks exclude conservative clients, suggesting possible political motivations. Moynihan emphasized that the bank serves 70 million consumers and is a major small business lender, with decisions based on risk rather than political bias. He cited Senator Tim Scott’s recent comments on regulatory overreach as a key issue affecting the banking industry. The debate highlights tensions between financial institutions, regulators, and political perceptions.
about BofA CEO Blames Regulators Amid Political Banking Claims