# Clarity Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Clarity", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Crypto And Banks Clash Again Over ‘Skinny’ Fed Accounts Ahead Of Tuesday’s Meeting

A long-running dispute between the U.S. banking sector and the crypto industry is intensifying over the Federal Reserve’s proposal to introduce “skinny” master accounts. These limited accounts would allow eligible fintech and crypto firms direct access to the Fed’s payment infrastructure—but without full banking privileges, such as holding balances or earning interest. The debate has drawn sharp divisions. Crypto advocates, including Circle and the Blockchain Payments Consortium, argue that such access would improve payment system resilience and reduce anti-competitive practices. Others, like Anchorage Digital, support the idea but criticize its limitations. Banks, however, express strong concerns. The American Bankers Association warns that many crypto firms lack long-term supervisory history and operate under evolving regulatory frameworks, raising fraud and oversight risks. The Fed is reviewing 44 comment letters submitted last Friday and aims to propose formal rules by Q4. The tension comes ahead of a White House meeting aimed at easing disputes between traditional finance and crypto firms, particularly around stablecoin yield and regulatory clarity.

bitcoinist02/10 07:39

Crypto And Banks Clash Again Over ‘Skinny’ Fed Accounts Ahead Of Tuesday’s Meeting

bitcoinist02/10 07:39

Must-Watch Next Week｜White House to Convene Banks and Crypto Industry for CLARITY Talks; Strategy to Release Q4 Earnings (Feb 2-8)

Next week (February 2-8) features several key events in crypto, finance, and policy. The White House will host a meeting with banking and crypto industry executives on February 2 to advance the stalled CLARITY Act, focusing on stablecoin regulation. Trump Media & Tech Group sets February 2 as the record date for its digital token distribution. Uniswap launches its token auction feature on the web app, while Rainbow Wallet begins a CCA auction for its RNBW token. ZAMA Pre-TGE认购 and Aster’s airdrop Phase 6 also start on February 2. On February 3, Australia’s central bank will release its interest rate decision, and CoinList begins the public sale for AC’s new project Flying Tulip (FT). Stable Protocol upgrades on February 4, making USDT0 the native gas token. February 5 sees the Bank of England and European Central Bank announcing rate decisions. Strategy will report Q4 2025 earnings, and Rainbow may conduct its TGE. YO Protocol opens claims for its genesis airdrop. The US releases January non-farm payroll data on February 6. Additionally, Berachain faces a February 6 deadline for certain VC refund rights. No major events are scheduled for February 7-8.

marsbit02/01 02:56

Must-Watch Next Week｜White House to Convene Banks and Crypto Industry for CLARITY Talks; Strategy to Release Q4 Earnings (Feb 2-8)

marsbit02/01 02:56

Trump pushes for legislative ‘compromise’ on crypto bill: Here’s how

President Trump is pushing for a compromise between crypto firms and banks to advance the stalled crypto market structure bill, the CLARITY Act. A key sticking point is stablecoin yields, which led Coinbase to withdraw support and caused a Senate Banking Committee vote to be postponed. The White House has called a meeting on February 2nd to bring both sides back to the negotiating table. Industry groups express optimism, while the crypto super PAC Fairshake has amassed $193 million to support pro-crypto candidates in the upcoming midterm elections.

ambcrypto01/29 09:05

Trump pushes for legislative ‘compromise’ on crypto bill: Here’s how

ambcrypto01/29 09:05

SEC Crypto Task Force Receives New Submissions on Self-Custody and DeFi Rules

The U.S. SEC Crypto Task Force has received two new public submissions addressing key regulatory issues in digital assets, including self-custody rights and DeFi oversight. One submission, referencing Louisiana’s HB 488 law, advocates for federal crypto market regulations that include registration requirements, transparency, and anti-fraud measures, while cautioning against overly broad exemptions. Another, from the Blockchain Association, requests SEC guidance on whether entities involved in tokenized equity and DeFi trading should be classified as dealers under the Securities Exchange Act, suggesting adaptations to traditional broker-dealer frameworks for smart contract-based trading. These inputs come amid ongoing congressional negotiations on the CLARITY Act, which seeks to clarify digital asset regulations, with industry stakeholders actively engaging in the debate around investor protection and innovation.

TheNewsCrypto01/21 14:05

SEC Crypto Task Force Receives New Submissions on Self-Custody and DeFi Rules

TheNewsCrypto01/21 14:05

What To Expect For The Bitcoin Price This Week After Psychological Breakdown

A crypto analyst, Doctor Profit, presents a bearish outlook for Bitcoin this week, expecting a continued downtrend. He notes that Bitcoin has been in a prolonged consolidation phase since November 2025, viewing this sideways movement as a precursor to a potential drop below $80,000. The analyst maintains short positions initiated between $115,000 and $125,000, with additional shorts planned only if Bitcoin revisits the $97,000-$107,000 range. He highlights January 21, 2026, as a key date due to the expected release of the CLARITY Act, which could provide regulatory clarity and impact the market. Doctor Profit remains extremely bearish, forecasting a possible decline to the $70,000-$75,000 range, representing a drop of over 20% from current levels.

bitcoinist01/19 20:02

What To Expect For The Bitcoin Price This Week After Psychological Breakdown

bitcoinist01/19 20:02

How Do Stablecoins Touch the Most Profitable Nerve of Banks?

U.S. banks are fiercely opposing interest-bearing stablecoins, not because they cause deposit outflows, but because they threaten the core profitability of large commercial banks. When funds flow into stablecoins like USDC, the money eventually returns to the banking system as reserves held in cash or short-term liquid assets. The real concern is the total amount of deposits, but a shift in deposit structure. Large U.S. banks rely heavily on "low-rate banking," where they hold massive amounts of non-interest or ultra-low-interest transaction deposits (used for payments, transfers, and settlements). These deposits are extremely cheap for banks, costing only 0-11 basis points in interest, while the Fed funds rate is 3.5%-3.75%. This spread, along with transaction fees, generates over $360 billion in annual revenue for banks. Interest-bearing stablecoins directly compete with these transaction deposits. If stablecoins offer yield, users may move funds from traditional bank transaction accounts into stablecoins for both utility and returns. Although the money remains in the banking system, stablecoin issuers would likely place most reserves in higher-yielding non-transaction accounts, forcing banks to pay market rates for these funds. This erodes banks' profit margins and reduces their fee income from payment services. The battle over the CLARITY法案 revolves around this profit redistribution. Banks want to ban all forms of yield on stablecoins to protect their lucrative low-cost deposit base and dominant position in the payment ecosystem.

比推01/19 14:58

How Do Stablecoins Touch the Most Profitable Nerve of Banks?

比推01/19 14:58

Why Must Banks Ban Stablecoin Yields?

The article "Why Banks Are Determined to Ban Yield-Bearing Stablecoins?" explores the ongoing debate around the U.S. cryptocurrency market structure bill (CLARITY), particularly the fierce opposition from large banks against interest-bearing stablecoins. Banks argue that such stablecoins could cause deposit outflows, but the author refutes this, explaining that funds used to purchase stablecoins like USDC ultimately flow back into the banking system as reserves held by issuers like Circle. The real concern for banks is not the total volume of deposits but a shift in deposit structure. U.S. major banks (e.g., Bank of America, JPMorgan Chase) rely heavily on "low-interest banking," where transaction deposits (used for payments, transfers) pay near-zero interest, creating a significant spread between deposit rates and the Fed’s benchmark rate. This model generates massive profits—over $360 billion annually from interest differentials and transaction fees. Stablecoins directly compete with transaction deposits by offering similar utility (payments, settlements). If stablecoins can generate yield, users may shift funds from bank transaction accounts to stablecoins to earn higher returns. While the money remains in the banking system (as stablecoin reserves), it moves from low-cost transaction deposits to higher-yield instruments, squeezing bank profit margins and reducing fee income. Thus, banks oppose yield-bearing stablecoins to protect their lucrative low-cost deposit base and maintain control over profit distribution, making it a central issue in the CLARITY legislative battle.

marsbit01/19 09:43

Why Must Banks Ban Stablecoin Yields?

marsbit01/19 09:43

Why Must Banks Ban Stablecoin Yields?

The article explores why U.S. banks are strongly opposing interest-bearing stablecoins, despite claims that such assets could cause bank deposit outflows. It argues that funds flowing into stablecoins like USDC do not leave the banking system—instead, they are held as reserves in highly liquid assets like cash or Treasury bills, which eventually return to banks. The real concern for large banks is not the total volume of deposits, but a shift in deposit structure. U.S. megabanks rely heavily on low-cost transactional deposits (used for payments and transfers), which pay near-zero interest. These deposits allow banks to profit from the spread between the Fed funds rate and what they pay depositors, as well as from transaction fees. Interest-bearing stablecoins threaten this model. They offer similar transactional utility but also provide yield, incentivizing users to move funds out of traditional bank transactional accounts. While the money may return to the banking system, it would likely be placed in higher-yielding deposit accounts, increasing banks’ funding costs. Additionally, stablecoins could disrupt banks’ fee income from payment services. The core issue is profit redistribution: stablecoins—especially those offering yield—could reduce banks’ low-cost funding advantage and erode their transaction revenue, explaining the fierce opposition to interest-bearing models in proposed legislation like the CLARITY Act.

Odaily星球日报01/19 09:26

Why Must Banks Ban Stablecoin Yields?

Odaily星球日报01/19 09:26

"Black Monday" Strikes Again, Trump Becomes the "Flash Crash Engine" Once More?

The cryptocurrency market experienced a sharp decline on Monday, with Bitcoin dropping below $92,000, Ethereum falling under $3,200, and Solana retreating to around $133. Over $593 million was liquidated in four hours, predominantly long positions. The primary trigger appears to be political and economic uncertainty stemming from former President Trump's actions. Key factors include a sudden shift in the frontrunner for the next Federal Reserve Chair. Kevin Hassett, a perceived dove, appears to be out of contention, while the odds for the more hawkish Kevin Warsh have surged to 60%. This potential change in leadership at the Fed has created market volatility. Furthermore, Trump's aggressive trade policies are causing global economic tensions. He has threatened to impose tariffs of up to 25% on imports from several European nations, including Denmark, France, and Germany, linked to a dispute over Greenland. This has prompted threats of retaliatory tariffs from the EU. Trump also criticized the EU for its hefty fines on U.S. tech firms, calling them discriminatory. Adding to the market's woes, the U.S. Senate delayed a crucial crypto market structure bill, the CLARITY Act, due to significant disagreements over stablecoin yields and DeFi regulations. This regulatory uncertainty contributed to the sell-off. In response to these combined macro pressures and after a recent price run-up, many traders are choosing to take profits and increase their cash holdings, expecting the market correction to continue in the short term.

Odaily星球日报01/19 02:05

"Black Monday" Strikes Again, Trump Becomes the "Flash Crash Engine" Once More?

Odaily星球日报01/19 02:05

Deconstructing the Power, Interests, and Betrayal Behind the CLARITY Act: How Can Retail Investors Hedge Risks and Seize Opportunities?

The CLARITY Act, a pivotal U.S. crypto regulatory bill aimed at ending years of regulatory uncertainty, has become a battleground between traditional finance and the crypto industry. Initially supported by major firms like Coinbase, Ripple, and Kraken, the bill sought to clarify jurisdiction—with the CFTC overseeing decentralized assets like Bitcoin and the SEC handling asset-like tokens. However, a Senate revision in early 2026 introduced harsh条款, including de facto bans on tokenized stocks, restrictions on RWA (Real World Assets), and stringent DeFi regulations requiring bank-like registration. Coinbase CEO Brian Armstrong publicly withdrew support, citing the elimination of stablecoin yield rewards (a key revenue stream), stifling of tokenization innovation, and unworkable DeFi rules. The bill’s impact is mixed: it offers散户 investor protections like mandatory custody of exchange funds but may cost them 3-5% yield on stablecoins. Institutions gain clarity for entering the market, while project teams face strict分类—easing compliance for “digital goods” but burdening “securities.” Key industry figures are divided: some urge pushing the bill through to avoid missing the legislative window, while others, like Coinbase, fear worse outcomes if flawed terms are locked in. For散户, the advice is to rebalance toward “digital commodity” assets (e.g., BTC, ETH), explore DeFi for yield if CEX rewards vanish, and avoid RWA investments due to potential liquidity risks. The act represents crypto’s “coming of age” into mainstream finance, with clarity itself being critical infrastructure—yet the fight over its shape continues.

marsbit01/18 03:14

Deconstructing the Power, Interests, and Betrayal Behind the CLARITY Act: How Can Retail Investors Hedge Risks and Seize Opportunities?

marsbit01/18 03:14

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