Tag: CLARITY

Senate's Stablecoin Yield Deal Is Sealed: The CLARITY Act's Tillis-Alsobrooks-White House Compromise Bans Passive Yield, Permits Activity Rewards, and Sets a Late April Markup — The Most Consequential Regulatory Line in US Crypto Finance Since the GENIUS Act Is Now on Paper

On March 20, 2026, Senators Tillis and Alsobrooks, with White House adviser Patrick Witt, agreed in principle on stablecoin yield language for the CLARITY Act. Compromise text reviewed by crypto firms March 24, banks March 25. Section 404: passive yield on stablecoin balances prohibited; activity-based rewards permitted. CLARITY Act passed House 294–134 July 2025; cleared Senate Agriculture Committee January 2026. GENIUS Act (signed July 18, 2025) already bans issuer-level yield. Senate Banking markup targeted late April 2026. Senate floor deadline: May 2026. Missing May window risks legislative failure past 2026 midterms. Circle fell ~20% on yield restriction news. Coinbase stablecoin revenue: $364.1M Q4 2025. Coinbase has pushed back publicly.