CLARITY Act Negotiations Gain Momentum Amid Stablecoin Yield Talks

The CLARITY Act has seen significant progress after a meeting between US senators and the White House's crypto advisor, Patrick Witt.

Lawmakers are focusing on resolving issues related to stablecoin yield rules and legislative timing, with a target of passing the bill by the end of the year.

A recent economic study on stablecoin yields has been reviewed by lawmakers but remains unpublished. The report is said to include analysis that leans positive towards crypto markets, although concerns remain about potential deposit flight from traditional banks.