CLARITY Act Gains Momentum in Washington Amid Secret Stablecoin Yield Talks

The CLARITY Act, a bill seeking to regulate digital assets, has made significant progress in Washington. A key deal on stablecoin yields, which had previously stalled the bill, is being reviewed by crypto leaders and banks in secret meetings.

According to sources, Senators Thom Tillis and Angela Alsobrooks worked out a compromise last week, aimed at protecting new ideas in crypto while preventing bank deposit losses. The deal's details remain confidential, but it is seen as a crucial step towards unlocking billions of dollars in US crypto growth.