U.S. House Republican Urges Senate to Adopt CLARITY Act for Crypto Regulation

In the midst of ongoing debates over stablecoin yields, U.S. House Republican French Hill has recommended that the Senate adopt the House-passed CLARITY Act to advance legislative progress. According to ChainCatcher, the bill received bipartisan support in the House last year but did not address the Senate's current focus on stablecoin yield issues. Hill suggested that if the Senate cannot reach a clear conclusion, they should consider the House version, which was backed by 78 Democrats, as a potential solution. He also mentioned that the Treasury Department could intervene, noting that the Office of the Comptroller of the Currency (OCC) released a proposal last week regarding the implementation of the GENIUS Act and is seeking public feedback.