Crypto Stablecoin yield fight threatens CLARITY Act progress Banking opposition has delayed progress on the U.S. CLARITY Act over whether crypto platforms may offer rewards on stablecoins, Beincrypto reports. Galaxy CEO Mike Novogratz warned that lobbying by banks could sink the broader bill, saying existing law (GENIUS) already permits some stablecoin yield and that banks fear deposit
Crypto Coinbase denies rift with White House, seeks stablecoin compromise for CLARITY Act Beincrypto reports that Coinbase CEO Brian Armstrong denied a reported breakdown with the Trump administration, saying talks over the CLARITY Act remain "super constructive" and that the exchange is developing a compromise to address community bank concerns about high-yield stablecoins. Crypto journalist Eleanor Terrett had reported the administration
Crypto Senate draft would permit activity-based stablecoin rewards under limits An amended US Senate CLARITY Act draft, titled the Digital Asset Market Clarity Act, would allow crypto firms to offer activity-based rewards to stablecoin users, the draft and accompanying materials released by Senate Banking Chair Tim Scott and shared with Cointelegraph show. The proposal states that certain rewards and incentives
