{"id":17091,"date":"2026-05-02T08:37:24","date_gmt":"2026-05-02T15:37:24","guid":{"rendered":"https:\/\/jasonsblog.ddns.net\/?p=17091"},"modified":"2026-05-02T08:42:45","modified_gmt":"2026-05-02T15:42:45","slug":"clarity-act-stablecoin-yield-rules-finalized-go-time-for-crypto-bill","status":"publish","type":"post","link":"https:\/\/jasonsblog.ddns.net\/index.php\/2026\/05\/02\/clarity-act-stablecoin-yield-rules-finalized-go-time-for-crypto-bill\/","title":{"rendered":"Clarity Act Stablecoin Yield Rules Finalized: \u2018Go Time\u2019 for Crypto Bill"},"content":{"rendered":"\n

The prostitute congress critters are working to make sure you can’t earn yield for holding stablecoins which are backed by treasuries that pay interest, with stablecoin issuers wanting to pay as much as 4% interest to holders. So while the bankers through fractional reserve banking lend out 90% or so of your savings to make higher interest while paying you next to nothing, they are fighting so you can’t earn more interest with stablecoins for fear you’ll leave their scam system which effectively steals from you because inflation decreases its value. And this is exactly why Bitcoin<\/a> is the exit many people are taking from this trash TradFi system with mismanaged fiat currencies. And worth noting, even though bank savings are federally insured, there isn’t much backing that insurance other than money printing, so in a major financial crises they’ll probably implement haircuts of your savings which has historically happened under austerity measures in other countries. Or you could end up like Lebanon<\/a>, waking up one morning and you have no money in your bank…<\/p>\n\n\n\n

https:\/\/cointelegraph.com\/news\/go-time-after-clarity-act-stablecoin-yield-compromise-finalized<\/a><\/p>\n\n\n

<\/div><\/div><\/div>\n\n\n
Galaxy Digital head of research Alex Thorn expects the banking industry to \u201cincrease their opposition efforts\u201d following the release of the final stablecoin yield provisions.<\/h5>\n\n\n\n
\"\"\/<\/figure>\n\n\n\n

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.<\/p>\n\n\n\n

\u201cIt\u2019s time to get CLARITY done,\u201d Shirzad said<\/a> in an X post on Friday, after US Senator Thom Tillis and US Senator Angela Alsobrooks published the final text aimed at settling the stablecoin yield dispute between the banking and crypto industries, which has centered on whether such yields would harm the banking system\u2019s competitiveness.<\/p>\n\n\n\n

\u201cIn the end, the banks were able to get more restrictions on rewards, but we protected what matters \u2013 the ability for Americans to earn rewards, based on real usage of crypto platforms and networks,\u201d Shirzad said.<\/p>\n\n\n\n

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Extract of the \u201cSEC 404. Prohibiting interest and yield on payment stablecoins\u201d document. Source: <\/em>Alex Thorn<\/em><\/a><\/figcaption><\/figure>\n\n\n\n

The text titled \u201cSEC 404. Prohibiting interest and yield on payment stablecoins\u201d states that no crypto firm may pay \u201cany form of interest or yield\u201d to customers solely for holding stablecoins, akin to a bank deposit or any similar interest-bearing product. <\/p>\n\n\n\n

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Source: <\/em>Patrick Witt<\/em><\/a><\/figcaption><\/figure>\n\n\n\n

However, it allows firms to offer rewards tied to \u201cbona fide activities.\u201d Some industry executives voiced frustration with the ruling. Helius Labs CEO Mert Mumtaz said<\/a>, “The clarity of not getting risk-free yield on your dollars without using a bank.”<\/p>\n\n\n\n

Polymarket traders anticipate 55% odds of CLARITY passing in 2026<\/h2>\n\n\n\n

It marks a significant step forward for both the legislation and the broader crypto industry, as the stablecoin yield debate had been one of the main roadblocks delaying its passage, despite expectations earlier this year that it would move through Congress.<\/p>\n\n\n\n

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Source: <\/em>Toly Yakovenko<\/em><\/a><\/figcaption><\/figure>\n\n\n\n

\u201cNow that this issue is behind us, it\u2019s time to focus on the broader bill,\u201d Shirzad said.<\/p>\n\n\n\n

Traders on the Polymarket crypto prediction market now see<\/a> a 55% chance of the CLARITY Act being signed into law in 2026, up 9% over the past 24 hours.<\/p>\n\n\n\n

Many in the industry are now calling for the bill to be marked up. Coinbase CEO Brian Armstrong said<\/a> shortly after the announcement, \u201cMark it up.\u201d<\/p>\n\n\n\n

Senate Banking Committee could schedule markup \u201cimminently\u201d<\/h2>\n\n\n\n

Galaxy Digital head of firmwide research Alex Thorn said<\/a> the \u201crelease of text suggests that Senate Banking will schedule markup imminently, as soon as the week of May 11.\u201d<\/p>\n\n\n\n

However, Thorn warned<\/a> that he expects \u201cthe banks to increase their opposition efforts.\u201d<\/p>\n\n\n\n

US Senator Bernie Moreno recently said<\/a> that he anticipates the CLARITY Act to \u201cget done\u201d by the end of May. On April 11, US Senator Cynthia Lummis said<\/a>, \u201cIt\u2019s now or never.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The prostitute congress critters are working to make sure you can’t earn yield for holding stablecoins which are backed by treasuries that pay interest, with stablecoin issuers wanting to pay as much as 4% interest to holders. So while the bankers through fractional reserve banking lend out 90% or so of your savings to make […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,7],"tags":[],"class_list":["post-17091","post","type-post","status-publish","format-standard","hentry","category-tech","category-world"],"blocksy_meta":[],"featured_image_src":null,"author_info":{"display_name":"Jason","author_link":"https:\/\/jasonsblog.ddns.net\/index.php\/author\/jturning\/"},"_links":{"self":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/17091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/comments?post=17091"}],"version-history":[{"count":2,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/17091\/revisions"}],"predecessor-version":[{"id":17094,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/posts\/17091\/revisions\/17094"}],"wp:attachment":[{"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/media?parent=17091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/categories?post=17091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonsblog.ddns.net\/index.php\/wp-json\/wp\/v2\/tags?post=17091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}