Stablecoin Yield Compromise Moves CLARITY Act Toward Markup
A compromise on stablecoin yield is helping move the CLARITY Act forward, allowing usage-based rewards while banning yield on idle balances. The legislation is in final touch-ups ahead of a markup, with a provision on software developers under Section 1960 still awaiting sign-off from Senator Chuck Grassley. Coinbase Chief Executive Officer Brian Armstrong has backed the deal.
Senator Tim Scott said lawmakers are nearing consensus on digital-asset market structure legislation and are targeting a bipartisan markup in May, adding that there has been real progress. President Trump said he would sign the CLARITY Act immediately once it reaches his desk.
From the sources (5 posts)
@kalshi_cryptoJUST IN: Senator Tim Scott says Congress is making real progress on a crypto market structure bill 65% chance it passes this year
@cointelegraph🇺🇸 BULLISH: Sen. Tim Scott says lawmakers are nearing consensus on digital asset market structure, with a bipartisan markup targeted for May. "We are making real progress."
@cointelegraph🇺🇸 UPDATE: A stablecoin yield compromise is helping move the CLARITY Act forward, allowing usage-based rewards while banning yield on idle balances, with Coinbase CEO Brian Armstrong backing the deal.
@cryptoroverMASSIVE: 🇺🇸 President Trump says he will sign the CLARITY Act “IMMEDIATELY” once it hits his desk.
@eleanorterrett🚨🗞️NEW: Stablecoin Yield Deal Clears Path for Clarity Act Markup — What’s Next? A key provision on software developers under Section 1960 is awaiting sign-off from Sen. @ChuckGrassley as the Clarity Act heads into final touch ups before ma