Sen. Angela Alsobrooks (D-MD) stated that she will not support the Clarity Act on the Senate floor unless negotiators reach agreement on ethics provisions and other outstanding issues. She described ethics concerns as a major sticking point alongside illicit finance provisions and work in the Agriculture Committee. Alsobrooks defended the compromise on stablecoin yield, which addresses concerns from JPMorgan CEO Jamie Dimon, by barring crypto firms from paying yield solely on stablecoin balances and preventing products that mimic bank accounts without equal protections. She framed crypto regulation as a response to growing consumer adoption, noting tens of millions of Americans own crypto and lawmakers must establish protections. Alsobrooks indicated Democratic skepticism stems from concerns about corruption, ethics, and fraud rather than the technology itself, referencing President Trump's business interests. To pass the bill, negotiators must finalize ethics and illicit finance language, and the Agriculture Committee must reach a bipartisan agreement.

Key facts

• Alsobrooks will not support Clarity Act unless ethics and illicit finance issues are resolved.
• Stablecoin yield compromise bars yield on balances alone and mimics bank protections.
• Senator cites millions of US crypto users as reason for urgent regulation.
• Democratic skepticism tied to corruption and ethics concerns, not technology.
• Outstanding issues: ethics provisions, illicit finance language, and Agriculture Committee agreement.