Revised Clarity Act Restricts Stablecoin Yield, Banning Rewards on Balances
The latest draft of the Digital Asset Market Clarity Act in the Senate restricts stablecoin rewards, banning yield payments simply for holding balances and limiting programs that resemble interest from traditional bank deposits. Crypto industry insiders reviewing the text expressed concern that the language is overly narrow and leaves unclear the mechanics for determining activity-based […]
