Stablecoins return to a payment-based model, DeFi yields need to find new avenues, the industry must change its gameplay.

CLARITY Act Breakthrough: Stablecoin Regulation Approaches a Key Shift

May 2nd, U.S. crypto regulation made a landmark advance: Coinbase and Senate leaders reached a compromise on the core contentious provisions of the CLARITY Act, signaling the end of the standoff over stablecoin yield restrictions. According to the latest agreement, crypto platforms can still offer yield rewards to users, while bank-affiliated platforms face restrictions on related permissions. The bill has officially resumed, with the Senate Banking Committee expected to begin markup procedures in mid-May.

This compromise marks a milestone for the industry. Previously, there was widespread concern over the bill’s clause “prohibiting interest income on stablecoins,” causing stock price swings for stablecoin issuers like Circle due to regulatory uncertainty. The new compromise strikes a balance between regulation and innovation: it preserves the ability of crypto platforms to offer yield services while limiting direct competition from bank-affiliated institutions, injecting certainty into the stablecoin market. On the same day, the submission of the “Prediction Markets Act 2026” also indicates that the U.S. is systematically refining its crypto regulatory framework, with rules for stablecoins and prediction markets gradually becoming clearer.

For the market, this development directly alleviates previous regulatory anxieties. As the “blood” of the crypto market, clearer regulation will boost institutional capital inflows, especially for major stablecoin issuers like USDC, which may see valuation recovery. In the long term, the formation of a compliant framework will help the industry move away from “wild growth,” with stablecoins returning to their core role as payment and settlement tools, while DeFi yield models will need to explore innovative paths under new rules.

As the bill advances, the era of compliance in the crypto industry has accelerated, representing not only a breakthrough in U.S. regulation but also providing important reference for global stablecoin regulation. #Polymarket每日热点 #WCTC交易王PK @Gate广场_Official