U.S. Senator Compromises on Stablecoin Yield Provisions, Obstacles to Advancing the *Clarity Act* May Be Removed

Odaily News U.S. lawmakers have reached an agreement on stablecoin yield provisions, a point of disagreement that had stalled the *Clarity Act* in the Senate for months. Senators Tom Tillis and Angela Alsobrooks have finalized the text of the compromise. Section 404 of the agreement stipulates that crypto companies cannot offer interest or yields that are economically or functionally equivalent to bank deposits, but allows for incentives related to the use of genuine platforms.

Coinbase CEO Brian Armstrong stated that the Senate Banking Committee should be urged to consider the bill as soon as possible. This development could provide the momentum needed to advance the previously stalled review process. (The Block)