Gate News message: On April 1, the crypto super political action committee Fellowship PAC announced the appointment of Jesse Spiro, Tether’s U.S. executive, as chair, to lead political action supporting pro-crypto candidates. The appointment comes as divisions over stablecoin policy in the U.S. have intensified.
At present, the Digital Asset Market CLARITY Act has stalled in the Senate. The controversy centers on whether platforms should be allowed to provide returns or incentives for holding stablecoins, and this issue has become a key obstacle preventing the bill from reaching consensus for so long.
Recently, some crypto companies, including a certain CEX, have expressed reservations about the latest version of the bill. A stablecoin issuer is also facing market pressure due to policy uncertainty. With midterm elections approaching, the crypto industry is stepping up political lobbying efforts, trying to secure a more favorable policy environment in terms of regulatory direction.
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