Ripple CEO Sets May Timeline For CLARITY Act Approval Amid Stablecoin Yield Debate
[ad_1] Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Congress returned from the Easter recess on Monday, and Ripple CEO Brad Garlinghouse used the moment to sound notably more confident about the CLARITY Act—the anticipated crypto market structure bill that has been stuck for months. In recent remarks, Garlinghouse pointed […]
Stablecoin Yield Debate Pits Wall Street Against Crypto as US Nears Policy Breakthrough
[ad_1] A potential breakthrough on stablecoin yield signals a shift in US policymakers’ approach to crypto market structure, industry experts tell DeFi Rate, with implications for how stablecoins are classified and regulated. Thursday’s closed-door GOP crypto market structure meeting signaled progress is being made on a compromise on stablecoin yield; however, conversations remain in a […]
Banks Should Embrace Stablecoin Yield in CLARITY Act: White House Adviser
[ad_1] Crypto companies and platforms that provide stablecoin rewards have become a major point of contention in the CLARITY crypto market structure bill. The banking industry should not be threatened by crypto companies offering stablecoin yield to customers, and both sides must compromise on the issue, according to White House crypto adviser Patrick Witt. Witt […]
The Yield Wars – by Chris Powers
[ad_1] ICYMI: Dose of DeFi is looking for more paid writers and researchers. Click here for more information and to apply. DeFi yields have continued to surge higher. Until very recently, the lending landscape consisted of stalwarts like Maker* and Aave printing money with higher rates while being challenged by a new crop of lending […]
Blockchain Association Rejects Proposal To Widen Stablecoin Yield Restrictions
[ad_1] Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Blockchain Association led a broad industry push this week, asking Senate Banking leaders to resist efforts that would widen a ban on stablecoin yields beyond what Congress wrote into law. According to the association, the letter was signed by more […]