CLARITY Act Compromise Could End Stablecoin Yield on U.S. Exchanges
Under the latest compromise on the CLARITY Act, stablecoin yield on U.S. exchanges could soon disappear, signaling a tougher approach to exchange-based stablecoin products after banks pushed to ban the feature. The change would mark a notable addition to the crypto market-structure bill as lawmakers continue to negotiate its final form.
The potential restriction comes as the legislation has been gaining traction in Washington. The Senate Banking Committee advanced the CLARITY Act on a 15-9 bipartisan vote, and Representative Tom Emmer said the Senate version also includes his Blockchain Regulatory Certainty Act, which he argued would give developers more confidence to build in the U.S. without fear of government persecution. Emmer has also said the bill has momentum and predicted it could reach President Donald Trump's desk.
From the sources (3 posts)
@coindeskRep. Tom Emmer says his Blockchain Regulatory Certainty Act was included in the Senate’s version of the CLARITY Act, arguing it gives developers confidence to build in the U.S. without fear of government persecution. “We don’t need any mor
@coinmarketcapLATEST: 🇺🇸 House Majority Whip Tom Emmer says the CLARITY Act has momentum, citing the Senate Banking Committee's 15-9 bipartisan vote and predicting it will land on Trump's desk.
@coingeckoStablecoin yield on U.S. exchanges could soon disappear under the latest CLARITY Act compromise. In this video, we break down what changed in the bill and why banks pushed to ban it. Watch the full video: https://t