Heidi, Wendy O, and others argue draft CLARITY Act language would ban passive stablecoin yield while allowing activity-based rewards, with market impact narratives (e.g., Circle stock drop) and claims that banks are protecting deposits.
They are outright banning passive stablecoin yield.
LATEST: New legislative proposal bans yield or interest-like rewards for holding stablecoins (directly, indirectly, or via economic equivalents), allows activity-based loyalty rewards, and directs SEC, CFTC & Treasury to define rules within one year.
The revised market structure bill won't allow yield on stablecoins (non-active). Looks like a massive win for banks.
No stablecoin yield in the deal means only stablecoins that are fully compliant under the GENIUS Act will succeed.
This finding is one of many signals tracked across Crypto. The live feed updates every few hours with new expert voices, debates, and emerging ideas.
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