Stablecoin Yield Compromise Takes Shape Under Clarity Act

A possible resolution is emerging in the long-running clash between US crypto firms and banks over stablecoin yields under the Digital Asset Market Clarity Act.

According to policy newsletter Crypto In America, 'the core disagreement between the U.S. cryptocurrency and banking industries regarding the stablecoin yield mechanism may be close to resolution,' with several informed sources saying negotiators have launched a new round of talks around updated text.

Odds trackers quoted by Coingape now put the bill's chances of passing this year at roughly 64%, up sharply since February. Earlier drafts pushed by senators Thom Tillis and Angela Alsobrooks had drawn fire from large industry players, with Coinbase and Stripe among those warning that an outright ban on passive stablecoin yields would gut key revenue lines and crimp innovation.