BREAKING: CLARITY Act Final Text Imminent This Week, Stablecoin Yield Compromise Reached
Lawmakers are set to unveil the final text of the landmark CLARITY Act as early as this week, with sources confirming a critical compromise has been reached on the politically charged issue of stablecoin yields and rewards. The breakthrough comes during the congressional Easter recess, signaling a major acceleration in U.S. crypto regulatory clarity that could catalyze institutional capital flows into the digital asset sector.
Industry Pushes Back On CLARITY Act Restrictions
The latest draft reportedly aims to strike a compromise on how cryptocurrency platforms may offer rewards without prompting a flight of deposits from traditional banks.
As Bitcoinist reported last week, the CLARITY Act would broadly bar platforms from offering yield “directly or indirectly” on stablecoins or on assets that operate like bank deposits.
Lawmakers would still allow activity‑based incentives such as loyalty points and promotional offers in the CLARITY Act draft, while assigning regulators a one‑year window to define permitted incentives and establish anti‑evasion rules to prevent workarounds.
That restrictive approach has drawn a swift and visible reaction in the industry. Coinbase’s Global Head of Investment Research, David Duong, has said that industry participants are coordinating a counterproposal to explain why targeted changes are needed to protect customers and sustain workable rewards programs.
However, a spokesperson for Senator Thom Tillis told Crypto In America that the new CLARITY Act text reflects ongoing conversations with industry groups, including banks.
Key unresolved topics expected to shape the final negotiations include decentralized finance (DeFi) safeguards, token classification, and rules for real-world asset (RWA) tokenization, according to Terrett.
New Crypto PAC In Town
The legislative manoeuvring has coincided with increased political organizing from within the crypto industry. Anchorage Digital and Chainlink (LINK) announced Monday the formation of a bipartisan hybrid political action committee (PAC), the Blockchain Leadership Fund, backed by members of the Digital Chamber.
Per the firm’s release, the new fund plans to engage across federal, state, and local contests to support candidates and policymakers who favor durable, innovation‑friendly digital asset policy. An Anchorage Digital spokesperson stated:
Crypto policy is being written right now and the companies that show up and engage will help define the rules of the road; the ones that don’t will inherit them. At Anchorage Digital, we’ve always believed that responsible innovation requires active participation, which is why we’re proud to support the Blockchain Leadership Fund at such a pivotal moment for the industry.
A Chainlink representative echoed that message, noting the unusually clear — but still fragile — legislative moment the sector faces. “The market structure bill [CLARITY Act] is where the real complexity lives, and the candidates willing to work through that complexity deserve sustained, organized support from the industry,” the spokesperson said.
Chainlink added that its institutional partners are building on blockchain infrastructure and that the Blockchain Leadership Fund will help ensure the policy environment can scale that adoption.
Featured image from OpenArt, chart from TradingView.com
