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The U.S. Senate releases the compromise text of the CLARITY Act, prohibiting the use of stablecoin yields in reserves.
Golden Finance reports that the U.S. Senate has released the compromise text of the CLARITY Act, prohibiting the use of stablecoin yields in reserve funds while retaining activity-based rewards. After months of negotiations between cryptocurrency companies and banking lobbyists, the submission to the Banking Committee for review has cleared the way.