Stablecoins, the Clarity Act, banks, the US Congress, the US Clarity Act, the regulatory legislation for stablecoins is about to reach its decisive moment. Golden Finance, bargaining.

The GENIUS Act has far-reaching implications beyond the localization and compliance of stablecoins; it also relates to profound changes in the dollar's economic financing structure: pressure on the banking sector, increased flexibility in US debt issuance, the introduction of new foreign capital into the US financial system, and stronger financial competition for weaker countries.

The essence of Section 404 of the US Clarity Act is not "prohibiting interest," but rather determining who can make money and how. Banks win with the headline; the crypto industry wins with the wording.

Despite efforts by some key U.S. lawmakers to get the bill to the president’s signature by July 4, the banking industry is still lobbying hard to kill the Clarity Act.

The progress of the CLARITY Act legislation has had a direct impact on stablecoin issuers and trading platforms, with Circle's stock price surging nearly 20% intraday and USDC trading activity increasing significantly.

The long-stalled CLARITY Act is now on the brink of a decisive breakthrough, with U.S. senators reaching a critical compromise that could push the landmark crypto bill to a floor vote as early as May.

Republican Senator Thom Tillis, one of the key architects of the GENIUS Act, is threatening to destroy what he has created if Trump doesn't immediately end his crypto businesses.

Chips were the main battlefield of the last war. The next war will revolve around something even more difficult to control, track, and fight—AI agents capable of autonomous planning, execution, and iteration.

The real battle in this war over "whose currency will become the settlement unit in the on-chain world" has only just begun.

The FDIC has put forward rules for stablecoin issuers, covering reserves, redemptions, capital, and risk management. It confirmed stablecoins will not have deposit insurance and is asking the public for feedback over the next 60 days.