U.S. Senator: CLARITY Act may pass in April, Coinbase indicates a "path forward"

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Mars Finance News: U.S. Senator Bernie Moreno stated that the Crypto Market Structure Act, the CLARITY Act, is expected to pass through Congress before April. Moreno said in an interview with CNBC that there is now a clear path for the bill’s progress. Coinbase CEO Brian Armstrong, also in the same interview, mentioned that there were disagreements previously over the interest-bearing provisions for stablecoins and regulatory jurisdiction, but all parties are now seeking a win-win solution. Reports indicate that the stablecoin yield provisions are one of the main points of contention in the bill’s advancement. Moreno also stated that he does not believe the results of the midterm elections will affect the bill’s passage. Previously, White House officials also expressed positive expectations for the bill’s progress earlier this year.

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