U.S. Senator Releases Final Text on Stablecoin Revenue

ME News Update, May 2nd (UTC+8), U.S. Senators have released the final text regarding stablecoin yields. The main points include: prohibiting rewards similar to bank interest; allowing rewards related to platform usage and payments. The Senate Banking Committee is expected to markup in the second week of May. The likelihood of the Clarity Act becoming law has increased to 62%. (Source: MLion)

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