US Senate Reaches Compromise on CLARITY Act Stablecoin Yield Rules

The US Senate has made significant progress on the CLARITY Act, a bill aimed at regulating digital assets. A compromise has been reached on one of the most contentious issues in the bill: stablecoin yield rules.

According to sources, the final text of the bill bans rewards that are 'economically or functionally equivalent' to deposit interest. This means that stablecoin issuers and platforms can no longer offer passive, bank-like returns just for holding assets.

However, rewards tied to actual usage, such as payments, transfers, or on-chain activity, remain protected. The compromise is seen as a strategic win for the crypto industry, which had been pushing for this outcome.