New Legislation Allows Crypto Firms to Offer Rewards on Stablecoins While Protecting Bank Yields
A newly released agreement has clarified the rules surrounding stablecoin yield, prohibiting its use in a manner similar to bank deposits, but allowing rewards based on genuine transactions and activities. This development is part of the proposed Digital Asset Market Clarity Act, which aims to provide clarity on the regulatory framework for digital assets. The new text, agreed upon by U.S. Senatoā¦