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02/05/26 11:54 UTC-04

U.S. Senators Release Final Stablecoin Yield Rules for the CLARITY Act

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Other U.S. Senators Release Final Stablecoin Yield Rules for the CLARITY Act
  • The CLARITY Act may move to consideration within the coming weeks.
  • The industry supports the progress, while banks are preparing to intensify pressure.

The U.S. CLARITY Act, designed to establish a regulatory framework for the cryptocurrency industry, has moved closer to a voting stage following the release of final provisions governing stablecoin yield.

Industry representatives, including Coinbase Chief Legal Officer Faryar Shirzad and Galaxy Digital Head of Research Alex Thorn, confirmed the development.

According to Shirzad, resolving the key dispute between banks and crypto companies clears the path for further legislative progress.

“It’s time to finish the work on CLARITY,” he stated after U.S. senators released the updated text.

Yield Restrictions Introduced While Platform Rewards Remain Allowed

Under the new framework, companies are prohibited from offering interest payments or fixed passive income simply for holding stablecoins, similar to bank deposit products. However, rewards tied to active platform participation remain permitted.

Shirzad emphasized that the industry succeeded in preserving a crucial element — the ability to incentivize users for engaging with crypto networks despite tighter regulatory conditions.

Some market participants criticized the restrictions. Helius Labs CEO Mert Mumtaz argued that banning risk‑free yield outside the traditional banking system appears questionable.

Alex Thorn believes publication of the final language will accelerate Senate consideration of the bill. In his view, hearings could begin as early as mid‑May.

At the same time, Thorn expects stronger resistance from the banking sector, where stablecoin yield remains a sensitive competitive issue.

Previously, Senator Cynthia Lummis described the timing for CLARITY as “now or never,” while Senator Bernie Moreno predicted the legislation could pass before the end of May.

Earlier reports also noted that a coalition of cryptocurrency companies urged the U.S. Senate to accelerate approval of the CLARITY Act.

See also: "Trump Declares End of Iran Conflict as Nasdaq Hits Record High and Bitcoin Gains 2.5%"

#CLARITY Act

Editor: Yulia Krasnaya
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