The White House has set March 1st as the deadline for finalizing the CLARITY Act, a bill aimed at establishing a clear legal framework for stablecoins and related digital asset activities in the United States. This bill is expected to serve as a foundation for defining how stablecoins are issued, managed, and integrated into the traditional financial system, while also creating transparency regarding compliance obligations for crypto businesses.
The bank is showing a more flexible stance.
A notable point in the recent round of negotiations is the perceived more flexible attitude from the banking institutions. According to sources, the banks have become less rigid on the issue of rewards and incentive programs related to crypto, which was previously XEM a major point of contention between the two sides.
This shift could pave the way for a compromise between the traditional financial sector and digital asset companies.
Negotiations are now focused on determining which activities are permitted for stablecoin deployment, specifically:
- Reward programs for users
- Staking activities and related yields
- Mechanisms to encourage the use of stablecoins in the ecosystem.
Crypto businesses are reportedly pushing for a more flexible regulatory framework, allowing for the deployment of more innovative service models while still complying with regulatory requirements.
The possibility of reaching a compromise.
Representatives from both the banking and crypto sectors have indicated that recent discussions have been positive and constructive. Many experts believe the likelihood of reaching a compromise before the March 1 deadline is relatively high.
If passed, the CLARITY Act could become an important precedent for the legal framework for digital assets in the US, shaping how stablecoins and related services operate in a formally regulated environment.
A turning point for the stablecoin market in the US.
The White House setting a clear deadline shows that stablecoins are becoming a top-level policy priority, especially as other countries accelerate the development of legal frameworks for digital assets.
The outcome of the CLARITY Act could directly affect:
- How banks are participating in the stablecoin ecosystem.
- Business models of crypto companies in the US
- The role of the US in the global competition for digital financial infrastructure.
