Clarity Act text lets crypto firms offer stablecoin rewards while shielding bank yield

Clarity Act text lets crypto firms offer stablecoin rewards while shielding bank yield

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enPolicyShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailClarity Act text lets crypto firms offer stablecoin rewards while shielding bank yieldThe text released Friday blocks crypto firms from offering stablecoin yield offerings that look like bank deposits, but "bona fide" transactions are allowed.By Nikhilesh De|Edited by Jesse HamiltonUpdated May 1, 2026, 9:56 p.m. Published May 1, 2026, 9:33 p.m. 3 min readMake preferred on Sen. Thom Tillis (Heather Diehl/Getty Images)What to know: Text has emerged revealing the Clarity Act compromise worked out between members of the Senate Banking Committee, which would allow crypto firms to keep pursuing stablecoin reward programs.As expected, the text prohibits crypto firms from offering yield on stablecoin deposits if that yield is the functional or ec

Source: https://www.coindesk.com/policy/2026/05/01/clarity-act-text-lets-crypto-firms-offer-stablecoin-rewards-while-shielding-bank-yield