US Senate Hurdles Threaten Passage of Stablecoin Regulation Bill

The CLARITY Act, a proposed federal law aimed at creating a regulatory framework for stablecoins, is facing significant challenges in its passage through Congress.

According to a recent analysis from TD Cowen's Washington Research Group, the bill's progress is being hindered by conflicts of interest related to President Trump's family cryptocurrency ventures.

The analysts predict that if these issues are not resolved, the bill may be delayed until after 2027, with final regulations potentially taking effect in 2029.