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Compromise on stablecoin yields gives CLARITY Act a boost

Senator Thom Tillis
Senator Thom Tillis. Photo: Andrew Harnik/Getty Images

The compromise would allow transaction-based incentives similar to credit card rewards.

Disagreements over how to regulate stablecoin yields helped to stall the CLARITY Act, which would create a broader regulatory framework for digital asset markets, for months in the Senate Banking Committee. Now, a decision to allow activity-based stablecoin rewards on crypto platforms and intermediaries gives the bill a vital push