{"id":96759,"date":"2026-05-02T17:16:26","date_gmt":"2026-05-02T14:16:26","guid":{"rendered":"https:\/\/u1f987.com\/en\/?p=96759"},"modified":"2026-05-02T17:20:15","modified_gmt":"2026-05-02T14:20:15","slug":"clarity-act-finalizes-stablecoin-yield-provisions","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/clarity-act-finalizes-stablecoin-yield-provisions\/","title":{"rendered":"CLARITY Act Finalizes Stablecoin Yield Provisions"},"content":{"rendered":"<p>Senators Thom Tillis and Angela Alsobrooks have reached a compromise regarding the yield of stablecoins in the CLARITY Act, a bill on regulating the US crypto market. This was reported by Punchbowl News, citing the finalized part of the document.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">SCOOP: Sens. Tillis and Alsobrooks have finalized a compromise on stablecoin yield. Punchbowl News has the text<\/p>\n<p>\u2014 bans rewards that are \u201ceconomically or functionally equivalent\u201d to deposit interest<\/p>\n<p>\u2014 balances *can* be used for rewards if companies clear the \u201cequivalent\u201d test <a href=\"https:\/\/t.co\/7dHsS8BnpT\">pic.twitter.com\/7dHsS8BnpT<\/a><\/p>\n<p>\u2014 Brendan Pedersen (@BrendanPedersen) <a href=\"https:\/\/twitter.com\/BrendanPedersen\/status\/2050319624642629797?ref_src=twsrc%5Etfw\">May 1, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The text states that no crypto company can pay \u201cany interest or income\u201d to clients solely for holding stablecoins, similar to a bank deposit or any other analogous product.<\/p>\n<p>According to the new wording, the ban on paying rewards extends not only to issuers but also to third-party platforms, such as cryptocurrency exchanges. Platforms cannot pay income from coins on inactive balances.<\/p>\n<p>However, the document includes provisions that allow companies to pay rewards linked to \u201cbona fide activities.\u201d<\/p>\n<p>The text also calls on regulators to propose a new set of rules for stablecoins, including the development of a disclosure regime and a list of permissible activities related to additional income.<\/p>\n<h2 class=\"wp-block-heading\">Community Reaction<\/h2>\n<p>Industry representatives reacted ambiguously to the final version of the text, although many agreed that this step significantly advanced the bill&#8217;s adoption.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIn the end, banks managed to tighten restrictions on rewards, but we preserved what truly matters \u2014 the ability for Americans to earn rewards for real use of crypto platforms and networks,\u201d <a href=\"https:\/\/x.com\/faryarshirzad\/status\/2050325150747484421\">stated<\/a> Coinbase&#8217;s Chief Legal Officer Faryar Shirzad.<\/p>\n<\/blockquote>\n<p>Meanwhile, Helius Labs CEO Mert Mumtaz <a href=\"https:\/\/x.com\/mert\/status\/2050353943151030294\">expressed<\/a> confusion as to why investors are \u201cnot allowed to earn risk-free returns on their funds without using banks.\u201d<\/p>\n<p>Head of Corporate Research at Galaxy Digital Alex Thorn <a href=\"https:\/\/x.com\/intangiblecoins\/status\/2050331780226355426?s=20\">stated<\/a> that the publication of the text indicates the Senate Banking Committee&#8217;s readiness to set a date for the document&#8217;s consideration. The hearing is expected to take place the week after May 11.<\/p>\n<p>However, Thorn warned of \u201cincreased opposition from banks.\u201d<\/p>\n<p>Back in April, Senator Tillis <a href=\"https:\/\/u1f987.com\/en\/news\/senator-suggests-possible-delay-for-clarity-act-review\">reported<\/a> a possible postponement of the CLARITY Act&#8217;s consideration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senators Thom Tillis and Angela Alsobrooks have reached a compromise regarding the yield of stablecoins in the CLARITY Act, a bill on regulating the US crypto market.<\/p>\n","protected":false},"author":1,"featured_media":96760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Senators reach stablecoin yield compromise in CLARITY Act.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[36,807,26],"class_list":["post-96759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-regulation","tag-stablecoins","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"230","promo_type":"1","layout_type":"1","short_excerpt":"Senators reach stablecoin yield compromise in CLARITY Act.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=96759"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96759\/revisions"}],"predecessor-version":[{"id":96761,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/96759\/revisions\/96761"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/96760"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=96759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=96759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=96759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}