NEW CLARITY ACT TEXT BANS PASSIVE YIELD BUT ALLOWS ‘BONA FIDE’ REWARDS.



Newly released Senate text would block crypto firms from paying yield simply for holding stablecoins in a bank-like manner, while still permitting ‘bona fide’ rewards tied to platform activity and transactions.

The compromise marks a major step toward resolving the biggest hurdle delaying the Clarity Act’s advancement.

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