CRS: Senate CLARITY Act Would Allow US Banks 11 Crypto Activities
- —CRS: Senate CLARITY text permits 11 crypto activities for US banks
- —List includes digital asset underwriting and dealing, exceeding traditional securities scope
- —Senate cloture vote failed 49-50 on Sept. 15, stalling the bill
- —GENIUS Act already allows bank subsidiaries to issue and custody stablecoins from 2027
Why it matters: If CLARITY passes, US banks could hold and service crypto directly, sharply expanding institutional demand for digital assets.
Source: CoinGape