Stablecoin Yields Deal: CLARITY Act Advances
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Lawmakers from both parties and the White House have reached a tentative deal on stablecoin yields, potentially advancing the CLARITY Act. The compromise protects crypto innovation while curbing risks, by banning yields on passive stablecoin balances. However, banks remain wary of potential market share erosion. Crypto advocates argue that fears are overblown and predict fresh capital inflows to banks. The bill hit a snag in January but could land in days as ethics details wrap up, with clearer rules for digital assets now seeming within reach.
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