A major traditional finance signal just hit Cardano. ๐
T. Rowe Price added $ADA to an active U.S. crypto ETF, sending the token up 11% to $0.273.
It marks the first confirmed traditional finance allocation to $ADA, putting it alongside BTC and ETH in a registered U.S. fund.
Now Iโm watching to see if institutional demand and on-chain activity can keep the momentum going.
@SenatorSlotkin What regulations are currently in place?
Would this bill have provided additional regulation to any regulations that are currently in place?
Are we writing policy against specific individuals or should we be writing policy that benefits the majority?
FINAL CLARITY ACT STABLECOIN YIELD TEXT IS PUBLIC, PASSIVE REWARDS BANNED, ACTIVITY-BASED REWARDS PROTECTED
The final stablecoin yield text in the CLARITY Act is now public, ending months of standoff between banks and the crypto industry, per Punchbowl News.
The compromise from Sens. Tillis (R) and Alsobrooks (D) bans rewards "economically or functionally equivalent" to deposit interest. Activity-based rewards tied to payments, transfers, and real platform usage stay protected. The structure closes affiliate workarounds by design.
Coinbase Chief Policy Officer Faryar Shirzad (@faryarshirzad) framed the outcome as a win on what mattered: "the ability for Americans to earn rewards, based on real usage of crypto platforms and networks." Banks got tighter restrictions on yield. Crypto kept the activity rails open.
The final text emerged from months of negotiation between the White House, Treasury, Senate Banking GOP, Tillis, and Alsobrooks. Senate Banking Committee markup is targeted for mid-May, lining up with Sen. Scott's "in the red zone" comments yesterday.
Remaining issues to resolve: DeFi provisions, ethics language for executive branch officials, and reconciliation with the House-passed version.
๐ฅ๐จBREAKING: Marvel Avengers star Chris Pratt just randomly uploaded this video to pray for his followers and supporters because he felt like this was the right time to do so. Something powerful is happening in America right now.
Epic job by @IOHK_Charles and all the teams building on Cardano.
The thesis and fundamentals have been clear, and now the President of the United States of America, President Trump has also realized this.
๐บ๐ธ $ADA