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Clarity Act Failure: What It Means for Stablecoin Rewards
The Clarity Act failed to advance in the Senate, but Bernstein says this lets stablecoin rewards continue. The firm expects swift SEC and CFTC rulemaking to fill the gap. Here is what crypto users need to know.
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Banks vs Stablecoins: The Rewards Battle Heats Up in the Senate
U.S. banks are ramping up pressure on stablecoin rewards as the Senate prepares to vote on the Clarity Act. The outcome could reshape DeFi yields, issuer rules, and how Americans earn on their digital dollars.
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Banking Groups Seek Ban on Stablecoin Rewards: What CLARITY Act Means
77 state banking associations are pushing to ban balance-based stablecoin rewards under the CLARITY Act, citing unfair advantages over traditional banks. The move could reshape how crypto users earn yield on digital dollars and intensify the battle between traditional finance and the crypto industry.