Crypto World News, the U.S. "Clarity Act" aims to provide more regulatory clarity for the American crypto industry. With the release of new stablecoin yield provisions, the bill may be closer to becoming law. Coinbase Chief Legal Officer Faryar Shirzad stated, "It's time for clarity to be implemented." He pointed out that the banking sector might increase opposition after the final provisions are released. The final text of the bill is intended to address the dispute over stablecoin yields between banks and the crypto industry. According to the document "SEC 404. Prohibiting Payment of Stablecoin Interest and Yields," no crypto company may pay customers "any form of interest or yield" solely for holding stablecoins. However, it allows companies to offer rewards related to "genuine activities."

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