Bank of England Deputy Governor Sarah Breeden said the UK central bank is reassessing proposed limits on sterling stablecoin holdings and may have been "overly conservative". The plans previously included a 20,000-pound cap for individuals and a 10 million-pound cap for businesses, alongside a rule requiring 40% of backing assets to be deposited at the BoE. Breeden also said the BoE does not need to raise rates in June or July 2026, even as markets price in two or three hikes that year.

The CLARITY Act moved forward after the Senate Banking Committee approved it by a 15-9 bipartisan vote. Two Democrats—Senators Ruben Gallego and Angela Alsobrooks—joined Republicans in support, sending the bill to the full Senate for consideration. Industry figures and regulators signaled optimism as debate continues over DeFi, tokenization, and market oversight.

The Senate Banking Committee moved the CLARITY Act forward during a markup session on 14 May, approving an amended version of the bill by a 15–9 vote. Lawmakers debated proposed changes touching ethics standards, DeFi-related oversight, and anti-money laundering language, with several ethics-focused amendments failing. The measure is not yet approved by the full Senate and must still clear additional procedural steps before it can become law.

The Senate Banking Committee voted 15-9 on Thursday to advance the Clarity Act, a broad bill aimed at setting a federal regulatory framework for the crypto industry. The measure still must pass the full Senate and the House before it could reach President Donald Trump, as banks, labor unions and law-enforcement groups argue parts of the proposal could raise consumer and financial-stability risks.

The Senate Banking Committee advanced the Clarity Act on May 14, 2026, approving it 15-9 with Democratic support from Senators Ruben Gallego and Alsobrooks. The bill sets clearer jurisdictional lines between the SEC and CFTC and would restrict stablecoin yield for passive holding while allowing activity-based rewards. Next, it heads to the full Senate, where it must clear a 60-vote cloture hurdle to proceed.

Moody's Ratings granted its highest Aaa-mf grade to BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) on or around May 13, 2026. The Ethereum-based, tokenized money-market product manages about $2.58 billion and targets a $1 NAV while distributing daily yield to investor wallets. The rating places BUIDL alongside the safest traditional money-market instruments and follows a similar top rating for Fidelity's FILQ fund.

On May 14, 2026, the U.S. Senate Banking Committee held a key vote on the Clarity Act as Coinbase CEO Brian Armstrong framed the bill as a major chance to advance the U.S. financial system. He argued the legislation would reduce legal friction for banks and crypto firms working together, amid growing use of stablecoins and tokenized funds. The debate comes as U.S. spot Bitcoin ETFs saw a local $635 million retail outflow while corporations accumulated 46,872 BTC in April.

Fidelity introduced the Fidelity USD Digital Liquidity Fund (FILQ), an on-chain yield product built on Syngnum Bank's tokenization infrastructure with Chainlink handling its on-chain data. The fund carries a Moody's AAA rating and targets 24/7, instantly redeemable cash management for on-chain firms seeking interest-bearing liquidity.