US Senate Unveils Its Version of the Clarity Act
The release of the long-awaited CLARITY Act has intensified debate in Washington over how the U.S. should regulate digital assets. Shortly after midnight on Tuesday, May 11, the Senate Banking Committee published the bill’s full 309-page text ahead of a key hearing scheduled for Thursday. Under the legislation, stablecoin issuers would need to back every digital coin with an equivalent amount of highly liquid assets, effectively creating a one-to-one reserve standard designed to strengthen confidence in dollar-linked cryptos. Another central feature of the bill seeks to settle a longstanding dispute over regulatory authority. The proposal establishes a clearer boundary between…





