Bernie Moreno Says CLARITY Act Could Pass Before April

U.S. Senator Bernie Moreno said the CLARITY Act, designed to provide a clearer regulatory framework for the crypto industry, could pass before April, Coinbase CEO Brian Armstrong disclosed during a joint interview. Armstrong said they participated in the World Liberty Financial Crypto Forum alongside representatives from the crypto industry, banking sector and Congress to reach solutions on market structure issues. He noted that interest-bearing stablecoins remain a major concern, as banks previously warned that offering yields on stablecoins could draw deposits and interest away from traditional banking. Armstrong, who withdrew his support for the CLARITY Act in January, added that he now sees a path forward that could deliver wins for the crypto industry, banks and American consumers while positioning the U.S. as the "crypto capital of the world."