X @BSCN

WILL DEMOCRATS SUPPORT THE CLARITY ACT?The Senate Banking Committee will hold a long-awaited markup of the Clarity Act this Thursday, May 14, at 10:30 a.m. ET, which is the next major step toward comprehensive U.S. crypto market structure legislation.After months of tense talks, Coinbase now backs the compromise on stablecoin yields, despite last-minute pushback from some banking groups worried about deposit flight.Their effort is viewed internally as “milquetoast,” and the core stablecoin issue appears set ...