Key Issues In Focus

The CLARITY Act is designed to define how cryptocurrencies are regulated in U.S., including how authority is split between the SEC and the CFTC. It also aims to establish clearer rules for stablecoins and decentralized finance platforms, CoinDesk reported on Thursday.

According to JPMorgan’s analysis, ongoing discussions are centered on two major areas: DeFi oversight and how digital tokens should be classified under existing financial laws.

A particularly contentious issue is whether stablecoin issuers or related platforms should be allowed to offer yield-like rewards.

Traditional banks oppose the idea, warning it could blur the line between stablecoins and bank…

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