U.S. Senate
The Digital Asset Market Clarity Act, known as the CLARITY Act, advances in the U.S. Senate amid concerns over stablecoin rewards. Section 404 of the bill bans passive yields on payment stablecoins but allows activity-based incentives. This could reshape how platforms like Coinbase offer returns to users while integrating crypto into the traditional financial system.
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The U.S. Senate's major cryptocurrency market structure bill faces a delay of weeks or months as lawmakers shift attention to housing affordability initiatives. This pivot follows Coinbase's withdrawal of support and aligns with the Trump administration's push to restrict institutional investors from buying single-family homes. The change raises questions about the bill's future viability.