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- Crypto industry insiders got their first look at the revised market structure bill in the Senate, and the opening impression was that the language on allowable stablecoin yield was overly narrow and unclear, according to a person familiar with the current draft.
- The new language, which was announced Friday by Senators Angela Alsobrooks and Thom Tillis, would ban yield payments for simply holding a stablecoin.
- It would also restrict any approach that makes the program in any way equivalent to a bank deposit, and it applies further limits to other potentially allowed activities, the person said, adding that the mechanics of determining activities-based stablecoin rewards is left uncertain.
- The crypto industry got this first look at the revised section of the Digital Asset Market Clarity Act on Monday in a closed-door review on Capitol Hill in Washington, representing an attempt to clear a roadblock in the effort to get a hearing in the Senate Banking Committee.
- Bankers had insisted that stablecoin rewards look nothing like interest-bearing bank deposits, because they argued the competing product could hamstring the industry and strangle lending.
- So, the compromise will allow rewards programs on users' stablecoin activities but not balances.
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Nguon tham khao: https://www.coindesk.com/policy/2026/03/23/stablecoin-yield-in-crypto-clarity-act-won-t-allow-rewards-on-balances-latest-text-says