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

Odaily reported that U.S. Senator Bernie Moreno stated that the cryptocurrency market structure bill, the "CLARITY Act," is expected to pass in Congress before April. Moreno mentioned in an interview with CNBC that a clear path forward for the bill has now emerged.

Coinbase CEO Brian Armstrong, in the same interview, noted 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 results of the midterm congressional elections will affect the bill's passage process. Previously, relevant White House officials had also expressed positive expectations for the bill's advancement early this year. (Cointelegraph)