US Regulators Nearing Deal on CLARITY Act Amid Stablecoin Debate

The CLARITY Act, a bill aimed at regulating digital assets in the US, is reportedly close to a deal. According to Paul Grenwal, Coinbase's chief legal officer, negotiators are 'very close' to resolving the stablecoin dispute.

The main point of contention is whether exchanges can offer yields on stablecoin balances. A compromise has emerged that would allow limited yields linked to 'active' use, such as spending or on-chain transactions. This could be a significant development for the crypto industry and users, who have been waiting for clarity on regulatory issues.