U.S. Senator Bernie Moreno Says CLARITY Act Expected to Pass Before April

U.S. Senator Bernie Moreno said on Feb. 19 that the CLARITY Act, aimed at defining a regulatory framework for digital assets, is expected to pass before April, BlockBeats reports. Coinbase CEO Brian Armstrong, speaking at the World Liberty Financial Crypto Forum with industry, banking, and congressional participants, said interest-bearing stablecoins have been a key debate area, with banks concerned such yields could draw deposits away from traditional institutions. Armstrong, who opposed an earlier draft and withdrew support for the CLEAR Act in January, now sees "a path forward" benefiting the crypto industry, banks, and consumers, adding the outcome would support President Trump's crypto agenda and help position the U.S. as a global crypto center.