The latest draft of the Clarity Act prohibits earning returns solely from holding stablecoins.

CoinFeed reported on March 24th that, according to CoinDesk, the revised wording of the US Senate's Clarity Act, a bill concerning the structure of the crypto market, has been updated. The bill will prohibit paying returns solely for holding stablecoins and restrict any reward mechanisms equivalent to bank deposit interest. The specific implementation of stablecoin rewards based on user activity remains unclear. The bill was introduced on March 21st by Senators Angela Alsobrooks and Thom Tillis, and the crypto industry first saw the revised text during closed-door deliberations on Capitol Hill on March 23rd. This compromise aims to resolve the disagreement between the banking industry and crypto platforms regarding stablecoin returns. The banking industry had previously insisted that stablecoin rewards should not resemble interest-bearing deposits to avoid impacting traditional banking operations.