CLARITY Act Compromise Bars Passive Stablecoin Yield, Preserves Activity-Based Rewards
The latest compromise on the CLARITY Act would bar passive yield for simply holding stablecoins while still allowing activity-based rewards, stopping short of a full ban on exchange-based stablecoin incentives in the U.S. The distinction means programs tied to user actions could remain permissible even as lawmakers move to prohibit yield paid just for parking funds.
The carve-out matters because banks had pushed for a broader prohibition, and it could preserve some USDC-linked rewards programs used by crypto platforms to attract customers. The market-structure bill has been gaining traction in Washington after the Senate Banking Committee advanced it on a 15-9 bipartisan vote, and Representative Tom Emmer has said the Senate version also includes his Blockchain Regulatory Certainty Act.
From the sources (4 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
@hosseebSo with the new Clarity Act compromise, passive stablecoin yield is banned, but "activity-based rewards" are okay. I.e., no more yield for holding, only for doing. The cheapest possible "doing" is tapping a button. I'm calling it now: ta