CLARITY Act Nears April Markup as Key Crypto Rules Shift

The US Senate is advancing the Digital Asset Market CLARITY Act, targeting a committee markup in April. Recent negotiations have led to significant changes from earlier drafts, most notably a compromise on stablecoin yield. Passive yield on stablecoins will be effectively banned, aligning with banking sector demands, while limited activity-based rewards may be allowed. In exchange, the bill is expected to offer stronger protections for decentralized finance (DeFi) by clarifying that developers and non-custodial protocols won't be treated as financial intermediaries. The bill maintains a split regulatory structure between the CFTC and SEC, assigning oversight based on asset type. Senator Moreno has cautioned that failure to pass the bill by May could delay further digital asset legislation until after the 2026 midterm elections, creating pressure for a swift compromise.

(Source：BeInCrypto)