It’s also worth noting that the Stablecoin Bill is due for discussion next week. It aims to establish clearer rules for managing and issuing stablecoins, protecting consumers, and preventing financial instability.
However, a few experts believe that the Stablecoin Bill and the CLARITY Act must merge for a more unified approach towards crypto markets.
Overall, the CLARITY Act is a good first step towards a more regulated and structured crypto market, with clear demarcation between spot and cash markets, as well as stablecoin treatment.