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XRP!! FINAL PHASE OF CLARITY ACT NOW! (YOU KNOW WHAT THAT MEANS)
đ¨ THE CLARITY ACT FIGHT JUST GOT PERSONAL â TETHERâS CEO IS TELLING COINBASE TO STOP BLOCKING PROGRESS, THE FINAL STABLECOIN YIELD TEXT IS EXPECTED NEXT WEEK, AND NOBODY IS 100% HAPPY WITH THE DEAL.
In this video, I cover three major CLARITY Act developments. First, Eleanor Terrett reported that the final stablecoin yield legislative text is expected to be released as lawmakers break for Easter recess, with behind-the-scenes work continuing and crypto ramping up for the midterms. Senator Tillisâs office confirmed the public release is coming.
Second â and this is explosive â Tether CEO Paolo Ardoino appeared to endorse a post calling on Coinbase CEO Brian Armstrong to STOP blocking progress over stablecoin yield and let the CLARITY Act move forward. The message: âItâs time to stop. Youâre protecting your business⌠but this industry is bigger than Coinbase.â This is no longer just banks vs. crypto â major stablecoin players are now publicly signaling that Coinbase needs to back off.
Third, CoinDesk reports that âno one is 100% happy with the stablecoin yield agreementâ from Senators Tillis and Alsobrooks. The compromise bans passive yield but allows activity-based rewards. Coinbase has rejected the text twice. But the White House, Tether, and much of the industry want the bill to move forward â even if itâs imperfect.
The CLARITY Act is the bill that codifies XRPâs commodity classification into permanent law. April markup is targeted. The clock is ticking.
This is not financial advice. Always do your own research.
CHAPTERS:
00:00: Bipartisan US Senators are releasing a revised Clarity Act to regulate crypto.
02:55: A proposed market structure bill raises industry concerns regarding restrictions on stablecoin yields.
05:00: Tetherâs CEO urges Coinbase to stop fighting stablecoin regulations.
06:47: A potential Democratic victory in 2026 could bring stricter rules and return Gary Gensler to the SEC.
09:10: Coinbase is reportedly blocking the Clarity Act to protect an estimated $800M in revenue from USDC rewards.
12:34: The broader crypto industry is aggressively pushing for regulatory clarity, mounting pressure on resistant firms like Coinbase.
14:44: There is a 70% predicted chance the Clarity Act passes, an outcome that will shape the entire US crypto market.
16:03: The host (Crypto Sensei) signs off, thanking viewers and announcing an upcoming trip to Japan.
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