Clarity Act text lets crypto firms offer stablecoin rewards while shielding bank yield - CoinDesk
business 2026/05/02 01:04:52

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

Source:CoinDesk
Author:Nikhilesh De, Jesse Hamilton

The text released Friday blocks crypto firms from offering stablecoin yield offerings that look like bank deposits, but “bona fide” transactions are allowed.