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📰 【The "CLARITY Act" Stablecoin Yield Rules Have Been Finalized, Entering the "Launch Phase"】
BlockBeats news, May 2nd, Coinbase Chief Legal Officer Faryar Shirzad stated that the "CLARITY Act," which aims to provide more regulatory clarity for the U.S. crypto industry, may be one step closer to becoming law after the new stablecoin yield provisions were announced. Previously, U.S. Senators Thom Tillis and Angela Alsobrooks released the final text aimed at resolving the dispute over stablecoin yields between the banking sector and the crypto industry—the core of the dispute being whether such yields would harm the competitiveness of the banking system. Shirzad said: "Ultimately, the banking industry has gained more restrictions on rewards, but we hold...
A bunch of guys in ties finally argued out a result on stablecoin yields. Banks are afraid of being bloodsuckers, crypto is afraid of being castrated, and in the end, a compromise plan that displeases both sides was created. This thing is still a long way from actual implementation; don’t expect it to instantly ignite the market. $USDC ’s liquidity still depends on the banks’ attitude.
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