Senate Stablecoin Yield Breakthrough Puts CLARITY Act Back in Play
Senators Tillis and Alsobrooks reached a tentative White House deal on stablecoin yield language, potentially advancing the stalled CLARITY Act.Summary
Senators Thom Tillis and Angela Alsobrooks have achieved a tentative agreement with the White House regarding stablecoin yield language, which could resolve the major dispute holding up the Digital Asset Market Clarity Act (CLARITY Act) in the Senate Banking Committee. The proposed language reportedly bars yield payments on passive stablecoin balances, a compromise aimed at protecting both crypto innovation and bank deposit stability. Traditional banks have opposed yield-bearing stablecoins, viewing them as competition for insured deposits, while crypto firms have resisted restrictions. Senator Tillis noted that the deal still requires vetting from both the banking and crypto industries before proceeding. If the agreement is finalized, the Senate Banking Committee could move toward a markup as early as late April. The CLARITY Act, which passed the House in 2025, aims to divide regulatory authority between the SEC and CFTC and establish federal rules for stablecoins.
(Source：BeInCrypto)