CLARITY Act Faces Final Review by Crypto Giants
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Politico said crypto firms may review the CLARITY Act on Thursday, with banks expected to follow on Friday. Stablecoin yield terms are under private review by select banking and crypto executives. Coinbase fell 1.6% and Circle dropped nearly 4% in Thursday midday trading after the report. The final text of the CLARITY Act is now under private review in Washington. According to Politico, select crypto firms and major banks are examining the latest draft. Lawmakers have not released the document to the public yet. Instead, they are gathering feedback as final edits continue. Review Schedule and Market Reaction According to Politico, the review is expected to follow a staggered schedule. Crypto firms may examine the revised language on Thursday. Banks are expected to review the text on Friday, although timing may still change. Meanwhile, the report drew attention to Circle and Coinbase. The two companies share USDC revenue under a 50-50 agreement. However, Circle remains the official issuer of the stablecoin. Market reaction was weaker during midday trading on Thursday. Coinbase shares were down 1.53% at the time of writing, Stocktwits data also showed bearish retail sentiment around Coinbase stocks over the past day. Because of their USDC link, both companies remain tied to stablecoin policy debates. Any change in the bill could affect issuer rules and partnerships. That kept both names active in market coverage on Thursday. Stablecoin Yield Rules Draw Attention At the same time, stablecoin yield rules have moved to the center of the talks. Politico reported that these provisions are under private review. Banking and crypto executives are examining the language before lawmakers finalize the draft. Stablecoin yield has become a major topic in US crypto policy. Lawmakers have been weighing how much return issuers can offer users. The answer could shape product design and regulatory…
Filed under: News - @ April 3, 2026 6:10 am