May 2 compromise bars yield paid only for holding stablecoins, preserves activity-based rewards; SEC, CFTC, and Treasury would define permitted activities and disclosures within a year if enacted.Abstract: The note outlines a May 2 compromise on CLARITY Act language addressing stablecoin yields. It would bar interest paid merely for holding stablecoins, while allowing rewards tied to actual platform use, and would require the SEC, CFTC, and Treasury to set rules within one year if enacted.

AssembleAi

2026-05-04 02:22:52

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Senators Thom Tillis and Angela Alsobrooks released May 2 compromise language that would resolve the stablecoin yield dispute holding up the CLARITY Act. The text would bar covered digital asset service providers and affiliates from paying US customers interest or yield solely for holding stablecoins, while preserving activity-based rewards tied to real platform use. The SEC, CFTC, and Treasury Secretary would have one year to define permitted activities and disclosure rules if the bill is enacted.

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Senators Reach Stablecoin Yield Deal, Clearing Path for CLARITY Act Markup

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