US Senate · Circle · Donald Trump · Federal Reserve (FED) · 99Bitcoins
Clarity Act draft bill announced by U.S. Senate Banking Committee before hearing
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The newly released 309 page stablecoin bill text bans issuers from paying interest or yield simply for holding stablecoins.
Key facts
- Rule 1: 1:1 Liquid Reserve Mandate Stablecoin issuers must back each token with an equivalent amount of high-quality liquid assets, such as US Treasuries and cash held in segregated accounts
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- Rule 3: A Dual Oversight Structure, State and Federal The CLARITY Act allows state-chartered trust companies to issue stablecoins under federal standards, while larger non-bank issuers are subject
- Rule 2: Algorithmic Stablecoins Are Effectively Banned, For Now New algorithmic stablecoins like Terra are prohibited for two years while a GAO study evaluates their risks
Summary
CLARITY Act News: The 5 Stablecoin Rules From the Committee Meeting That Every Investor Needs to Understand. In CLARITY Act news today, the US Senate Banking Committee released the full 309-page text of the CLARITY Act after midnight on May 11, 2026, ahead of a Thursday committee hearing, and for the first time, stablecoin holders can see exactly what rules Washington wants to impose on the coins they use daily. Think of the CLARITY Act as a building code for a neighborhood that has been constructing skyscrapers without one. This bill, advanced by the Senate Banking Committee, assigns oversight responsibilities to federal and state regulators, codifies reserve requirements, and draws a hard line on which stablecoin products are legal.