Senators Release Clarity Act Stablecoin Yield Compromise as White House Pushes for May Markup
Unchained
"U.S. Senators Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.) released compromise legislative text Friday resolving the stablecoin yield dispute that had stalled the Digital Asset Market Clarity Act since January. The new language prohibits crypto firms from offering yield on stablecoin balances that is “functionally or economically equivalent” to a bank deposit but preserves room for reward programs structured around transaction activity rather than passive holding."
