TechFlow reported on January 16 that, nearly 24 hours after the Senate Banking Committee (Banking GOP) withdrew its consideration of the CLEAR Act, industry insiders and lawmakers are actively seeking solutions. The main point of contention centers on stablecoin yield. If banks, Coinbase, and Democrats can reach an agreement in the coming days, the bill could be revived. There is also controversy surrounding Section 505 regarding tokenized securities, but Coinbase CEO Brian Armstrong expressed hope that the provision could be substantially revised or entirely removed.
Add to Favorites
Share to Social Media
