CLARITY Act Deal Reshapes Crypto Yield Landscape

The CLARITY Act deal has brought significant changes to the crypto yield landscape, with several major digital asset firms experiencing a boost in their stock prices. Circle's stock surged 16% after US lawmakers reached a compromise on the market structure legislation, while Coinbase rose over 7%. Other digital asset firms like BitGo and Galaxy Digital also gained ground, with BitGo up 12% and Galaxy Digital advancing 5%.

The revised CLARITY Act text clarifies how stablecoin issuers can incentivize users, restricting interest-like returns on passive deposits but allowing rewards tied to user activity. This distinction aligns crypto reward structures more closely with models used in traditional financial products like credit cards.