US CLARITY Act Passes Senate Panel With Stablecoin Interest Limits and Smaller SEC Role

Crypto regulation talks in the US Congress, stalled for months, moved forward as the Senate Banking Committee passed the CLARITY Act. The bill would significantly expand the CFTC’s jurisdiction over digital asset markets while reducing the SEC’s relative authority. On stablecoins, it would restrict interest payments but allow transaction-related rewards. Two Democratic senators voted in favor, pointing to the possibility of bipartisan agreement. However, controversy over potential conflicts of interest involving the Trump family remains an issue for the next stage of legislation. If the bill is ultimately enacted, it is expected to directly affect the US digital asset oversight framework and stablecoin business models. Source: mk.co.kr