CoinDesk
The Senate Banking Committee opened its markup hearing Thursday for the Digital Asset Market Clarity Act, setting the stage for a pivotal vote on whether to advance the long-awaited crypto market structure bill to the full Senate. The 24-member committee is working through dozens of proposed amendments before casting that vote.
Lawmakers cleared a key sticking point after Senators Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.) negotiated a compromise on stablecoin yield provisions. The banking industry, however, remains opposed — state bank organizations and roughly 8,000 individual bankers have sent letters to senators arguing the yield terms still favor the crypto sector too heavily.
A separate ethics provision is also in play: whether the bill will bar senior government officials from holding business ties to the crypto industry. A CoinDesk-commissioned survey found 73% of…
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