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Policy
Crypto Industry Supports CLARITY Act Compromise on Stablecoin Yield, Urges Senate Banking Committee to Move Forward
Within hours of the release of a compromise text by US Senators Thom Tillis and Angela Alsobrooks, cryptocurrency trade groups called for the Senate Banking Committee to mark up the Digital Asset Market Clarity Act, a key piece of legislation. The proposed text prohibits crypto firms from offering interest or yield on stablecoin balances in a manner similar to traditional bank deposits. However, …
May 2, 2026, 4:01 p.m.
Policy
Crypto Industry Supports Compromise on CLARITY Act, Urges Senate Banking Committee to Move Forward
Following the release of a compromise text by US Senators Thom Tillis and Angela Alsobrooks on stablecoin yield in the Digital Asset Market Clarity Act, crypto trade groups swiftly called for a markup of the key market structure legislation. The proposed text prohibits crypto firms from offering interest or yield on stablecoin balances in a manner similar to traditional bank deposits. However, it…
May 2, 2026, 4:01 p.m.
Policy
Crypto Industry Supports CLARITY Act Compromise, Urges Senate Banking Committee to Move Forward
Within hours of the release of a compromise text by U.S. Senators Thom Tillis and Angela Alsobrooks on stablecoin yield in the Digital Asset Market Clarity Act, crypto trade groups called for a markup of the key market structure legislation. The text prohibits crypto firms from offering interest or yield on stablecoin balances in a manner similar to a bank deposit, while allowing rewards programs…
May 2, 2026, 4:01 p.m.
Policy
Crypto Industry Supports CLARITY Act Compromise, Urges Senate Banking Committee to Advance Markup
Within hours of US Senators Thom Tillis and Angela Alsobrooks releasing a compromise on stablecoin yield in the Digital Asset Market Clarity Act, crypto trade groups called for a markup of the key market structure legislation. The compromise text prohibits crypto firms from offering interest or yield on stablecoin balances in a manner similar to traditional bank deposits, but carves out exception…
May 2, 2026, 4:01 p.m.
Policy
New Regulations Allow Crypto Firms to Offer Stablecoin Rewards with Certain Conditions
A newly introduced provision in the Digital Asset Market Clarity Act bans stablecoin issuers from providing yield based solely on holding stablecoin reserves, as this may undermine the services offered by depository institutions. However, the legislation does allow for rewards tied to actual participation and transactions on crypto platforms, similar to those offered by financial institutions for…
May 1, 2026, 9:33 p.m.
Policy
New Clarity Act Text Allows Crypto Firms to Offer Stablecoin Rewards While Protecting Bank Yields
Under the recently announced agreement between US Senators Thom Tillis and Angela Alsobrooks, stablecoin yield offerings will be prohibited, as part of a broader compromise on crypto market structure legislation. The new text, released on Friday, blocks stablecoin issuers from providing yield based solely on holding stablecoin reserves, citing the importance of depository institutions to the US e…
May 1, 2026, 9:33 p.m.
Policy
New Clarity Act Text Permits Crypto Firms to Offer Rewards on Stablecoins While Protecting Bank Yields
A newly introduced section of the proposed Digital Asset Market Clarity Act, released on Friday, outlines a compromise between US Senators Thom Tillis and Angela Alsobrooks, which would prohibit stablecoin issuers from offering yield solely based on holding stablecoin reserves. This approach aims to preserve the integral role of depository institutions in the American economy, while allowing for …
May 1, 2026, 9:33 p.m.
Policy
New Legislation Allows Crypto Firms to Offer Stablecoin Rewards with Certain Restrictions
A newly proposed section of the Digital Asset Market Clarity Act, released on Friday, reveals that an agreement has been reached to ban stablecoin issuers from offering yield solely based on holding stablecoin reserves. This compromise, negotiated by U.S. Senators Thom Tillis and Angela Alsobrooks, aims to prevent stablecoin issuers from providing services that could undermine the role of traditi…
May 1, 2026, 9:33 p.m.
Policy
New Legislation Allows Crypto Firms to Offer Stablecoin Rewards with Certain Conditions
A newly unveiled agreement aims to regulate the contentious aspect of stablecoin yield in the crypto market, introducing a ban on stablecoin issuers offering yield solely based on holding stablecoin reserves. This move is seen as a compromise between U.S. Senators and crypto firms, with the goal of advancing the Digital Asset Market Clarity Act. The new text allows for rewards based on bona fide …
May 1, 2026, 9:33 p.m.
Policy
New Clarity Act Text Permits Crypto Firms to Offer Rewards on Stablecoins While Protecting Bank Yields
A recently unveiled agreement aims to regulate the contentious aspect of stablecoin yield in the crypto market, introducing a provision that restricts stablecoin issuers from offering yield solely based on holding stablecoin reserves. This approach is similar to discussions that have been ongoing since the start of the year. The new text, part of the proposed Digital Asset Market Clarity Act, was…
May 1, 2026, 9:33 p.m.