US senators reach compromise on stablecoin yield provisions, potential removal of obstacles to advancing the *Clarity Act*

According to Odaily, U.S. lawmakers have reached an agreement on stablecoin yield provisions, a point of contention 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 bill stipulates that crypto companies cannot offer interest or yields that are economically or functionally equivalent to bank deposits, but allows for incentives related to actual platform usage.

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 momentum for the previously stalled review process. (The Block)