CLARITY Act Stalls as Banks Block Crypto Progress
March 7, 2026·19 days ago·via Coinpedia
The CLARITY Act gains momentum again, promising clear rules for digital assets by giving CFTC exclusive jurisdiction over digital commodity spot markets while keeping SEC oversight on investment contracts. Introduced by House Financial Services Chairman French Hill in 2025, it passed the House in July but hit a Senate wall in January 2026 when banks pushed a provision banning stablecoin interest payments, fearing a $6.6 trillion deposit exodus to crypto yields. Read more about this...