Act I : The AI Prophecy

Citigroup CEO Jane Fraser supports passing the Clarity Act but wants changes to stablecoin reward rules, warning that deposit-like yields could hurt bank lending in underserved communities.

The U.S. Senate has scheduled a September vote on the Clarity Act while the SEC considers a tailored crypto offering regime and the CFTC Innovation Advisory Committee meets on August 20, keeping...

TD Cowen analyst Jaret Seiberg puts the odds of the CLARITY Act passing at just 25%, citing a partisan deadlock over ethics and anti-money laundering provisions as the crypto market structure bill...