Blockchain Association CEO: Clarity Act forbids receiving payment merely for holding stablecoins
2026-08-06 11:37
Odaily Planet Daily News: Summer Mersinger, CEO of the Blockchain Association and former Commissioner of the U.S. Commodity Futures Trading Commission (CFTC), stated that the Clarity Act prohibits receiving payment solely for holding stablecoins, as well as projects that are economically or functionally equivalent to interest on bank deposits, with penalties attached to such attempts in the text.
She said that an August 4 editorial on the Clarity Act acknowledged that the bill would end the regulatory gray area left by the previous administration, provide investors and banks with rules that future governments cannot arbitrarily discard, and open pathways for innovations such as tokenized stocks and bonds.
She said that an August 4 editorial on the Clarity Act acknowledged that the bill would end the regulatory gray area left by the previous administration, provide investors and banks with rules that future governments cannot arbitrarily discard, and open pathways for innovations such as tokenized stocks and bonds.
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