Senate Banking Committee to Review CLARITY Bill Amid Democratic Concerns

The Senate Banking Committee is scheduled to review the CLARITY market structure bill on Thursday. According to NS3.AI, Democratic support hinges on the inclusion of ethics provisions addressing conflicts of interest for members of Congress, the U.S. President, and the Vice President. Senator Kirsten Gillibrand emphasized that Democrats would not back the bill without these measures. A potential compromise on stablecoin yield could facilitate the bill's progress, though any Senate version would still require reconciliation with the House.