New Legislation Allows Crypto Firms to Offer Rewards on Stablecoins While Protecting Bank Interests
The newly proposed Digital Asset Market Clarity Act text, released on Friday, introduces a new provision that restricts stablecoin issuers from offering yield solely based on holding stablecoin reserves. However, it allows for rewards tied to genuine participation on crypto platforms and networks. This compromise, reached by U.S. Senators Thom Tillis and Angela Alsobrooks, aims to balance the int…