Stablecoin Yield Compromise Clears Path for Senate Clarity Act

A significant breakthrough has been achieved in the ongoing debate surrounding the Clarity Act, a bill aimed at regulating the crypto market structure. Senators Thom Tillis and Angela Alsobrooks have reached a compromise on the stablecoin yield language, which had previously stalled progress on the bill.

The agreement preserves Coinbase's ability to offer rewards-driven USDC distribution, which accounted for $1.35 billion in revenue in 2025. This concession is crucial for the company, as it allows them to maintain their business model while also meeting new compliance requirements.

Under the terms of the compromise, covered parties are barred from paying interest or yield solely for holding stablecoins. However, they can still offer incentives tied to bona fide transactions and activities, allowing rewards programs to function without competing directly with bank deposits.