Crypto Clarity Act may be cleared to move after senators agree on stablecoin yield

A key obstacle to the passage of the Crypto Clarity Act may have been overcome as Senators Thom Tillis and Angela Alsobrooks have reportedly agreed on a compromise regarding stablecoin yield. The agreement, which bars rewards on passive stablecoin balances, addresses concerns from bankers who feared competition with traditional bank deposits. While details are still emerging, this resolution could pave the way for a Senate hearing and further progress of the bill. However, other issues, including the treatment of decentralized finance (DeFi), remain unresolved. Despite hopes for a May resolution, Senate floor time is limited and subject to other legislative priorities, such as voter ID bills and the situation in Iran.

(Source：CoinDesk)