CLARITY Act don pass as bank ban on stablecoin yield dey advance

Di CLARITY Act (Digital Asset Market Clarity Act) waka pass for Senate Banking Committee on May 14 with small margin 15–9, afta last-minute bipartisan compromise plus seven amendments to keep senators wey dey doubt onboard. Two Democrats cross party line to push the bill, even though bank-aligned lobbyists reportedly oppose am. For crypto traders, the main change na the stablecoin yield rule for the CLARITY Act. Passive returns for stablecoins don ban: issuers no fit pay interest-like rewards just because person hold tokens. Instead, the bill allow transaction-based and activity-based rewards, so users fit still earn by using stablecoins for commerce or doing on-chain activity. The next hurdle still high. The full Senate need 60 votes to pass filibuster, and Senator Mark Warner refusal to support moving am weakens the momentum. If e become law, CLARITY Act go also push US toward more comprehensive federal framework to classify digital assets, aiming to reduce jurisdiction friction between SEC and CFTC. For short term, traders suppose expect volatility around yield-bearing stablecoin products, as issuers may need restructure from interest-like models to compliant activity-based incentives—or exit some offerings.