Coinbase says deal reached on Clarity Act stablecoin yield, clearing path to long-stalled Senate markup
The Block
Lawmakers reached a compromise on stablecoin yield provisions, potentially ending a long stalemate for the Clarity Act's Senate committee markup.Summary
Sens. Thom Tillis and Angela Alsobrooks have finalized a compromise on the Clarity Act's stablecoin yield provision, which previously hindered progress. The agreement prohibits offering interest on stablecoin holdings while allowing transaction-based rewards tied to actual platform usage. This breakthrough resolves a major dispute between industry stakeholders and regulators, paving the way for the Senate Banking Committee to potentially move forward with a markup of the broader market structure legislation.
(Source：The Block)