Crypto Regulation (CLARITY Act, GENIUS Act): Bipartisan Support, Democratic Opposition, Stablecoin Yield Loophole, Treasury Demand

The CLARITY Act on crypto regulation has bipartisan support but faces Democratic opposition over ethics concerns. Anthony Scaramucci argues delaying risks losing crypto innovation overseas. A new technical debate focuses on closing the stablecoin yield loophole to protect bank lending. New analysis reveals the GENIUS Act (stablecoin regulation) is designed to create demand for U.S. Treasury debt, connecting to national debt management. This adds a financial policy dimension to the legislative standoff.