Senate duo strike deal to curb stablecoin yield
TL;DR Summary
Sen. Tillis and Sen. Alsobrooks finalized a compromise to restrict stablecoin yield and rewards, barring incentives that resemble interest on deposits and directing regulators to prepare new disclosure rules and a framework for permissible rewards as part of a broader crypto policy push.
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- Coinbase Says Deal Reached on Key Part of Crypto Market Bill Bloomberg
- Crypto market structure bill nears May push as ethics disputes and Trump ties cloud path forward The Block
- Clarity Act text lets crypto firms offer stablecoin rewards while shielding bank yield CoinDesk
- Coinbase says deal reached on key provision of crypto bill Reuters
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