🇺🇸
CLARITY Act (stablecoins)
Markup April
Jurisdiction
🇺🇸 US
Deadline
April 2026
Status
Already past
Description
Federal law establishing the regulatory framework for stablecoins in the US. Prohibits yield on stablecoins, channeling them as payment instruments, not investment products. Senate Banking Committee markup expected April 2026.
Impact
Stablecoin issuers (Circle, Tether), payment processors (Stripe, PayPal, Block), banks with stablecoin yield products, investors in stablecoin issuers.