Crypto Firms and Banks Reach Agreement on Stablecoin Yield Rules

The CLARITY Act draft has been revised to address long-standing debates between crypto firms and banks over stablecoin yields.

According to the updated draft, platforms can offer rewards based on actual usage of stablecoins, such as transactions or platform engagement. However, passive income from simply holding tokens is still not permitted.

The compromise seeks to strike a balance between supporting innovation in the crypto space and protecting the traditional banking system.