Clarity Act Proposes Stablecoin Reward Compromise

A new compromise has been proposed for the Clarity Act, a major cryptocurrency bill, regarding stablecoin rewards.

The language would prohibit the payment of rewards on stablecoin deposits in a manner equivalent to traditional bank interest or yield. However, it would allow rewards tied to participation in governance, validation, and staking, as well as rewards calculated by referencing a user's account balance.

Key crypto stakeholders, such as Coinbase, have expressed support for the proposal, while banking-side negotiators remain silent about their stance. The proposed compromise has been welcomed by some as a solution to the dispute that has plagued the Clarity Act for months.