Banks Push Senate to Tighten Stablecoin Yield Rules in CLARITY Act
The American Bankers Association and allied trade groups have escalated lobbying ahead of the May 14, 2026 Senate Banking Committee markup of the Digital Asset Market Clarity Act. Their campaign targets stablecoin reward language they say could function like deposit interest, potentially pulling liquidity away from federally insured banks.
Scaramucci Warns CLARITY Act Could Stall Until 2029
The Senate Banking Committee has scheduled a May 14, 2026 markup on the CLARITY Act, but Anthony Scaramucci warned that the bill’s Senate path could stretch to 2029 or later if banking lobbying and political divisions continue to block bipartisan consensus.
Banks Warn CLARITY Act Could Let Stablecoins Mimic Deposit Interest
Major U.S. banking trade groups are warning that compromise language in the CLARITY Act could allow crypto platforms to offer deposit-like stablecoin rewards while formally complying with a ban on passive yield. The objection, led by groups including the American Bankers Association and the Bank Policy Institute, frames the bill as a potential loophole that […]
Senators and White House reach agreement in principle on CLARITY Act over stablecoin yields
Lawmakers and the White House appear to have broken a key deadlock over the CLARITY Act, reaching what has been described as an agreement in principle on the language that had stalled the bill for months. The breakthrough centers on stablecoin yield programs, the issue that had effectively frozen Senate Banking Committee progress since January.
Citigroup cuts 12-month BTC and ETH targets, citing stalled U.S. crypto legislation
Citigroup lowered its 12-month targets for Bitcoin and Ethereum, trimming its outlook for the two largest digital assets as regulatory momentum in the United States stalled. The bank cut its Bitcoin target to $112,000 from $143,000 and reduced its Ethereum target to $3,175 from $4,304.
Trump escalates confrontation with banks over stablecoin yield and stalled CLARITY Act
President Donald Trump escalated his public pressure campaign, accusing U.S. banks of undermining his crypto agenda by obstructing the CLARITY Act and trying to weaken the GENIUS Act—the stablecoin framework he signed in July 2025. Trump’s message was that banks are not just lobbying; they are actively slowing the policy pathway he wants for digital […]
White House Tweet Flagged a Privacy Risk in the CLARITY Act That Could Entrench Surveillance
A White House tweet this week put a spotlight on a potential privacy weakness in the CLARITY Act, warning that the bill’s current drafting could steer crypto intermediaries toward surveillance-first operating models. The underlying concern is that compliance expectations could expand data collection by default, even when users are simply transacting on public blockchains.
CLARITY Act Headed For Senate Banking Committee Markup On Jan. 15, 2026
The Senate Banking Committee will mark up the Digital Asset Market Clarity Act (the CLARITY Act) on January 15, 2026, according to the committee schedule. The session, led by Chairman Senator Tim Scott, is meant to formalize a taxonomy that splits digital-asset oversight between the CFTC and the SEC.