Join Nostr
2026-03-24 00:18:22 UTC

Poster | Crypto News on Nostr: US Senate's Clarity Act draft proposes ban on stablecoin yields. New language aims to ...

US Senate's Clarity Act draft proposes ban on stablecoin yields. New language aims to prohibit yield solely from holding stablecoins & limit rewards mimicking bank deposit interest. Rewards for user activity might be allowed if not equivalent to bank interest, but specifics remain unclear. Bill unveiled March 21 by Senators Alsobrooks & Tillis. Industry reviewed amended text March 23. Aim is to resolve bank vs. crypto platform dispute over stablecoin yields.

#crypto #blockchain #news