U.S. Senate Stalls CLARITY Act After House Approval
The bill passed the House on July 17, 2025, but has not advanced through the Senate Banking Committee as lawmakers dispute whether stablecoins should be allowed to offer yield.
Summary
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Terms & Concepts
Stablecoins: Cryptocurrencies designed to maintain a fixed value, usually by being pegged to a fiat currency such as the U.S. dollar.
Yield: A return earned on an asset; in crypto, it can refer to interest-like rewards offered for holding or using digital tokens.
Senate Banking Committee markup: A legislative review stage in which the committee debates, amends, and votes on whether to advance a bill.