Senator Warren presses Meta over stablecoin trial ahead of 2026 rollout plans

Senate Banking Committee scheduled markup hearing for the Digital Asset Market Clarity Act on May 14, moving the stalled crypto market structure bill forward. A compromise on stablecoin yield provisions, brokered by Senators Tillis and Alsobrooks, resolved key blocking issues. Banking groups expressed concerns about the compromise text. The markup represents crucial progress toward potential legislation, though Senate-Agriculture Committee merger and ethics provisions remain outstanding.

Coinbase chief policy officer Faryar Shirzad said the date is a “big step forward” and is essential for supporting innovation in the US....

Rising Bitcoin ETF outflows and liquidations signal short-term caution, but a weak DXY and the eventual appointment of a new Fed chair could resume the rally....