At the end of last week, after months of quiet stalemate, Senate negotiators finally resolved the single most contentious issue blocking progress on the Digital Asset Market Clarity Act (the “CLARITY Act”): whether and how stablecoin holders may earn “yield.” The long-awaited compromise was brokered by Senators Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.) and released on Friday, May 1, 2026. While the banking lobby won tighter restrictions on yields, the digital asset ecosystem has…
Latest Posts
- The CLARITY Act’s Yield Compromise: What the Senate Actually Agreed To—and Why It Matters
- US Treasury Department Proposes Rule to Implement GENIUS Act’s Anti-Money Laundering and Sanctions Compliance Program Requirements for Stablecoin Issuers
- How Similar Is “Substantially Similar”? Treasury’s Principles for Evaluating State Stablecoin Regimes Under the GENIUS Act
- The PARITY Act’s De Minimis Rewrite—and the “Bitcoin Coffee” Problem It Leaves Unsolved
- Federal Court Dismisses Crypto Developer’s Pre‑Enforcement Challenge Relating to His Crowdfunding Tool
- How To Wield The Clarity Act As A Litigation Defense Tool
- What the IRS’s New Form 1099-DA Means for DeFi Users
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Recent
On April 8, 2026, the US Department of the Treasury’s (“Treasury“) Financial Crimes Enforcement Network (“FinCEN“) and the…
The U.S. Department of the Treasury has taken a significant step in implementing the GENIUS Act’s stablecoin framework.…
One of the most anticipated features of the bi-partisan Digital Asset Protection, Accountability, Regulation, Innovation, Taxation, and Yields…
For years, blockchain developers have urged U.S. courts to provide clearer ex ante guidance on when writing or…
In a recent Law360 article, Baker McKenzie partners David Zaslowsky and Peter Chan explore how the US Digital…
IRS Form 1099-DA, “Digital Asset Proceeds,” is being rolled out starting with the 2025 tax year. With this…