Last mentioned: Mar 4, 2026
Public Comment Period
Industry stakeholders and legal experts submit feedback on the 'rebuttable presumption' clause.
Trump Issues Ultimatum
President Trump publicly attacks banks on Truth Social, accusing them of holding the Clarity Act hostage.
Trump Ultimatum
President issues public threat to banks via Truth Social.
Trump Intervention
Trump issues a public threat to banks via Truth Social, demanding passage of the Clarity Act.
Negotiation Deadline Missed
The White House deadline for a compromise between banks and crypto firms passes without a deal.
Negotiation Deadline
White House deadline for a bank-crypto compromise passes.
Deadline Missed
The White House deadline for a compromise between banks and crypto firms passes.
OCC Proposal Released
The OCC formally introduces the proposal to implement the GENIUS Act yield restrictions.
Clarity Act Postponed
The Senate Banking Committee indefinitely delays the markup of the market structure bill due to banking lobby concerns.
Markup Postponed
Senate Banking Committee delays the Clarity Act indefinitely.
Senate Postponement
The Senate Banking Committee indefinitely postpones the markup for the Clarity Act.
CLARITY Act Vote
The House and Senate move toward a final vote on the CLARITY Act following the yield resolution.
GENIUS Act Signed
President Trump signs the first major U.S. stablecoin framework into law.
GENIUS Act Signed
President Trump signs the stablecoin framework into law.
GENIUS Act Signed
President Trump signs the first major stablecoin framework into law.
GENIUS Act Implementation
Expected timeframe for US legislation that could accelerate dollar-pegged stablecoin adoption.
Nagel's Frankfurt Speech
Bundesbank President Joachim Nagel advocates for euro stablecoins to counter US dollar dominance.
MiCA Stablecoin Rules
The first phase of the EU's Markets in Crypto-Assets regulation regarding stablecoins goes into effect.
President Donald Trump has launched a public assault on the banking industry, accusing major financial institutions of sabotaging his signature crypto legislation to protect record profits. The conflict centers on the Clarity Act, a market structure bill currently stalled in the Senate over whether crypto platforms can offer yield on stablecoin deposits.
President Donald Trump has issued a stern warning to the banking sector, accusing institutions of holding the Clarity Act hostage to protect record profits. The conflict centers on a legislative battle over whether crypto platforms can offer yield on stablecoin deposits, a move banks fear will trigger significant deposit flight.
President Trump has issued a direct warning to the banking sector, accusing institutions of sabotaging the GENIUS Act and obstructing the Clarity Act. The conflict centers on a high-stakes dispute over whether crypto exchanges can offer yield on stablecoin deposits, a move banks fear will trigger significant deposit flight.
Circle Internet Group reported a massive earnings beat driven by a 72% surge in USDC circulation and $11.9 trillion in transaction volume. However, Goldman Sachs analysts have flagged hidden cost escalations in the company's 2026 outlook that could challenge long-term margin sustainability.
Circle Internet Group reported a blowout quarter with USDC circulation hitting $75.3 billion and a 54% adjusted EBITDA margin. However, Goldman Sachs is warning investors about a "cost story" buried in the 2026 outlook that could impact long-term profitability.
The Office of the Comptroller of the Currency (OCC) has proposed new rules to implement the GENIUS Act, effectively banning yield-bearing features on payment stablecoins. This regulatory move aims to clarify the distinction between payment instruments and securities, potentially clearing the legislative path for the broader CLARITY Act.
The Office of the Comptroller of the Currency (OCC) has proposed new rules to implement the GENIUS Act, effectively banning yield on payment stablecoins. This regulatory maneuver is designed to resolve long-standing friction and accelerate the passage of the CLARITY Act by separating payment tools from investment products.
Deutsche Bundesbank President Joachim Nagel has called for the strategic development of euro-denominated stablecoins to safeguard the European Union's monetary independence. Nagel emphasized that these private-sector digital assets, alongside a central bank digital currency, are essential to counter the growing dominance of US dollar-pegged coins.