Lawmakers reached a compromise on the CLARITY Act over the weekend that preserves stablecoin rewards under certain conditions. Circle's stock jumped approximately 20% on the news.
The market structure bill compromise addresses a key point of contention in crypto regulation. Stablecoin rewards—incentives paid to users who hold or transact in stablecoins—had faced potential restrictions under earlier versions of the legislation.
The deal allows these rewards to continue under specific guardrails, providing clarity for crypto companies operating in the space. Circle, a major stablecoin issuer, saw particularly strong gains following the announcement.
The CLARITY Act compromise signals legislative progress on crypto oversight. The bill aims to establish a clearer regulatory framework for digital assets while balancing innovation with consumer protection concerns.
Stablecoin regulation remains a priority for lawmakers as the asset class grows. The compromise reflects ongoing negotiations between crypto industry stakeholders and regulators seeking to define operational standards for these dollar-pegged digital assets.
The SEC has postponed a plan that would have granted broad exemptions allowing US crypto firms to trade tokenized versions of stocks. The delay affects a significant expansion of crypto assets linked to traditional equities.
Kelp DAO has completed recovery of its restaked Ether token following a five-week effort to address a $293 million exploit attributed to North Korea's Lazarus Group in April.
Morgan Stanley launched a cryptocurrency trading pilot on E*Trade with lower fees than Coinbase, Robinhood, and Charles Schwab. The firm plans a broader rollout in 2026.
Crypto exchange Bullish agreed to acquire UK-based financial services outsourcing firm Equiniti from Siris Capital for $4.2 billion. The deal is expected to close in January 2027.