US Senator: Clarity Act May Pass in April; Coinbase Says "Pathway" Emerges

U.S. Senator Bernie Moreno stated that the Clarisity Act, a bill structuring the crypto market, is expected to pass Congress before April. In an interview with CNBC, Moreno said the bill's progress has a clear path forward. Coinbase CEO Brian Armstrong, in the same interview, stated that while there were previous disagreements regarding stablecoin interest terms and regulatory jurisdiction, all parties are now seeking a "win-win" solution. Reports indicate that stablecoin yield terms are one of the main points of contention in the bill's progress. Moreno also stated that he does not believe the midterm election results will affect the bill's passage. Previously, White House officials also expressed positive expectations for the bill's progress earlier this year. (Cointelegraph)