Crypto bill nears stablecoin rewards breakthrough as talks hit ‘good spot,’ but ethics concerns set to resurface
The Block
Negotiators are reaching a breakthrough on stablecoin yield in the Clarity Act, while shifting focus to illicit finance and ethics concerns.Summary
Negotiations on the Clarity Act crypto bill have reached a productive phase regarding stablecoin rewards, with a compromise draft emerging that differentiates between passive interest and transaction-based incentives. While industry players like Coinbase and banking associations remain at odds over the economic impact on community deposits, legislators are now shifting their attention to remaining challenges. Future discussions will prioritize addressing illicit finance concerns related to developer liability and navigating ethics questions surrounding President Donald Trump's extensive financial interests in the cryptocurrency sector.
(Source：The Block)