New Legislation Allows Crypto Companies to Offer Stablecoin Rewards While Protecting Bank Yields
The latest version of the Digital Asset Market Clarity Act, released on Friday, prohibits stablecoin issuers from offering yield solely based on holding stablecoin reserves, citing the need to protect the financial services provided by depository institutions. However, the new text allows for rewards tied to real participation on crypto platforms and networks, similar to those offered by financia…