A draft of the 'Clarity Act' aims to impose restrictions on stablecoin yields, according to sources familiar with the matter. The proposed legislation seeks to prohibit the payment of yields on stablecoin balances and mandates that incentive mechanisms must not resemble bank deposit interest in form or effect. Only rewards based on user activity would be permitted under the new rules.
Draft 'Clarity Act' Proposes Restrictions on Stablecoin Yields
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