CLARITY Act stablecoin yield rules finalised: ‘Go time’ for crypto bill
The final provisions of the US CLARITY Act regarding stablecoin yield have been released, resolving a key dispute between the banking and crypto industries. The rules prohibit interest or yield on stablecoin holdings similar to bank deposits but allow rewards tied to genuine user activity. With this hurdle cleared, industry leaders and traders expect the bill to advance toward becoming law in 2026.
- ▪The CLARITY Act's stablecoin yield rules prohibit crypto firms from offering interest solely for holding stablecoins like bank deposits.
- ▪Rewards are still permitted if tied to bona fide user activities on crypto platforms.
- ▪Coinbase and other industry leaders are urging Congress to move forward with marking up the bill.
- ▪Polymarket traders now assign a 55% probability of the CLARITY Act being signed into law in 2026.
- ▪Galaxy Digital's Alex Thorn expects increased opposition from the banking sector despite the compromise.
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Written by Ciaran Lyons, Staff Writer. Reviewed by Felix Ng, Staff Editor. Written by Ciaran Lyons, Staff Writer. Reviewed by Felix Ng, Staff Editor. CLARITY Act stablecoin yield rules finalised: ‘Go time’ for crypto billLatest NewsPublishedMay 2, 2026Galaxy Digital head of research Alex Thorn expects the banking industry to “increase their opposition efforts” following the release of the final stablecoin yield provisions.The US CLARITY Act, which aims to provide the US crypto industry with more regulatory clarity, could now move closer to becoming law after new stablecoin yield provisions were published, according to Coinbase chief legal officer Faryar Shirzad.“It’s time to get CLARITY done,” Shirzad said in an X post on Friday, after US Senator Thom Tillis and US Senator Angela…
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