Crypto industry leaders have proposed a new compromise to the crypto market bill in a bid to revive stalled progress. The changes relate to the stablecoin dispute between the crypto industry and banking parties.
This dispute has been a major point of contention in the CLARITY Act since its draft was released.
Crypto leaders propose CLARITY Act changes to banks
According to a Bloomberg report, crypto companies are now proposing new concessions related to the stablecoin dispute. The latest proposals include giving community banks more power in the stablecoin system – such as allowing them to hold reserves or even issue their own stablecoins through partnerships.
While not all crypto companies agree with these proposals, it shows a serious effort from the industry to continue pushing for the continuation of the bill on crypto market structure.
The move follows a meeting held by the Trump administration at the White House on Monday, which brought together crypto and banking industry groups. However, no agreement was reached on how to resolve points of dispute in the CLARITY Act.
In recent days, crypto companies have proposed possible compromises to banks. One proposal involves requiring stablecoin issuers to keep a portion of their reserves or virtual asset guarantee funds at community banks.
Another proposal is to ease the process for community banks to create their own stablecoins. But according to sources, the two sides are yet to reach an agreement on the crypto market bill. It remains to be seen whether the proposals in the CLARITY Act are enough to ease banks’ concerns about potential withdrawals.
Democratic Senators Make Progress on Crypto Bill Discussion
As reported by CoinGape yesterday, Democrats in the Senate held a meeting to review their position on the crypto markets bill. According to Eleanor Terrett, the legislators held a “positive conversation” which has been called the most productive meeting so far.
While the Democratic camp is making progress, Senator Tim Scott – Chairman of the Senate Banking Committee – told Fox News on Wednesday that he is still optimistic that banks and crypto companies can find a middle ground in the CLARITY Act.
“We can protect consumers and community banks while still allowing innovation and competition to lower prices and expand access,” Scott said. “Both sides are working toward a compromise that keeps innovation in America.”
After a series of disagreements that stalled the passage of the crypto bill last year, this latest development represents a significant shift in a more positive direction.
Originally written by: Deswita Zela
Source: Pintu News
Published on: 5 February 2026
Link to original article: Crypto Companies Introduce New Changes to Revive Stalled CLARITY Act
