The post 278-Page CLARITY Act Amendment Fuels Crypto Frustration appeared on BitcoinEthereumNews.com.

The release of the bipartisan crypto market structure bill text on Monday has left much of the crypto community dissatisfied. Most critics have directed their frustration at banking lobbyists. However, a smaller group argues that the real beneficiaries are large crypto firms that were expected to advocate for the industry’s broader interests. Crypto Reacts to a 278-Page Proposal After months of negotiations, Senate Banking Committee Chairman Tim Scott released the text of a negotiated bill outlining a framework for the crypto market. The move brought the CLARITY Act one step closer to passage, with the legislation aiming to establish clearer rules for the digital assets market. Sponsored Sponsored “This bill reflects months of serious work, ideas, and concerns raised across the Committee, and it gives everyday Americans the protections and certainty they deserve,” Scott said in a statement. What was supposed to be a moment of joy quickly gave way to backlash as influential voices began reviewing the 278-page proposal. Early criticism focused on provisions widely seen as favoring banking interests, which have long clashed with crypto advocates over concerns that digital assets could erode traditional market share. Attention mostly shifted to sections addressing stablecoin yields. The latest draft restricts companies from paying interest solely for holding balances and limits the scope of reward offerings. However, not all crypto firms would face negative consequences if lawmakers approve the bill in its current form. Large, well-established crypto players appear positioned to benefit the most, raising questions about where smaller participants ultimately fit within the new regulatory framework. Why Big Crypto Benefits Most From Current Proposal To better understand who stands to gain from the bill in its current form, BeInCrypto spoke with Aaron Day, a longtime crypto entrepreneur and regulatory critic who has closely reviewed the proposal. The markup introduces sweeping…

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Filed under: News - @ January 13, 2026 10:21 pm