The U.S. Senate Banking Committee has released the text of the Clarity Act, a crypto market structure bill that aims to regulate the industry and insert it into the financial system.
The latest version of the bill includes provisions for stablecoin yield and decentralized finance (DeFi) developers, which are contentious issues in the crypto community.
While an approval from the committee would mark a major step forward, the bill's passage is not yet assured due to ongoing negotiations and potential hurdles.