U.S. Senator: CLARITY Act May Pass in April, Coinbase Sees "Path Forward"

Odaily News: U.S. Senator Bernie Moreno stated that the crypto market structure bill, the CLARITY Act, is expected to pass in Congress before April. Moreno, in an interview with CNBC, said there is now a clear path forward for the bill's advancement.

Coinbase CEO Brian Armstrong, in the same interview, mentioned that while there were previously disagreements over stablecoin interest-bearing clauses and regulatory jurisdiction, all parties are now seeking a "win-win" solution. Reports indicate that the stablecoin yield provision is one of the main points of contention in advancing the bill.

Moreno also stated that he does not believe the outcome of the midterm elections will affect the bill's passage process. Previously, relevant White House officials also expressed positive expectations for the bill's advancement early this year. (Cointelegraph)