CLARITY Act deadline in weeks could kill stablecoin earnings and push money into Bitcoin

The Senate Banking Committee is targeting the second half of April for a markup of the Digital Asset Market Clarity Act (CLARITY Act), with a May floor deadline creating an urgent political window. A key sticking point—stablecoin yield—has a resolution in principle, allowing activity-based rewards but barring passive yield on held stablecoins, a compromise that will make stablecoins function more as regulated payments utility, as reinforced by the earlier passage of the GENIUS Act. This regulatory framework, alongside the White House's Strategic Bitcoin Reserve and joint SEC/CFTC clarifications, solidifies a US digital asset hierarchy. By channeling stablecoins toward payments and restricting their yield economics, the CLARITY Act is expected to enhance Bitcoin's position as the clear, investable commodity asset, potentially leading to increased market cap dominance as capital concentrates where legal clarity is strongest.

(Source：CryptoSlate)