US Senators Oppose CLARITY Act as Senate Vote Nears
Three US senators have expressed opposition to the CLARITY Act on ethical grounds, with a Senate vote expected before August 10. The bill's passage remains uncertain.
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Three US senators have expressed opposition to the CLARITY Act on ethical grounds, with a Senate vote expected before August 10. The bill's passage remains uncertain.
Tether is entering the $11 trillion payroll market by leading a $7 million funding round for Pact Labs, aiming to integrate its USAT stablecoin into payroll systems.
JCB has signed an MOU with Circle to explore using USDC for cross-border treasury operations and merchant payments in Japan, marking a step towards regulated stablecoin adoption.
Circle's stock fell over 2% as US banks urge Senate to tighten stablecoin rules in the CLARITY Act, increasing pressure on the company.
Senate Democrats have halted the Clarity Act, citing concerns over a crypto ethics provision linked to Trump's $636M memecoin income.
U.S. banking groups urge the Senate to tighten the CLARITY Act's stablecoin rules, warning that vague language may allow stablecoins to compete with traditional bank deposits.
Hyundai has successfully completed a USDT treasury settlement pilot, facilitating cross-border transfers between its US and Mexican subsidiaries using the Avalanche blockchain.
Lawson is set to pilot yen stablecoin payments using JPYC at a Tokyo location, marking a significant step in Japan's digital currency adoption.
The deadline for new stablecoin regulations is approaching on July 18, raising concerns among mid-market issuers about compliance costs and potential impacts.
Hyundai has successfully completed a pilot for cross-border transfers using stablecoins, involving Hyundai Card and Hyundai Motor units.
PayPal has integrated its PYUSD stablecoin into Polygon's Open Money Stack, enabling businesses to access the stablecoin for payments, compliance, and fiat conversions.
Sony Bank has received preliminary conditional approval from the OCC to establish a national trust bank for U.S. dollar stablecoins.