Negotiations on the U.S. CLARITY Act, focusing on stablecoin rewards, have made significant progress, according to The Block. Senators Angela Alsobrooks and Thom Tillis are working on a provision from the GENIUS Act that bans stablecoin issuers from paying interest, while allowing platforms like Coinbase to offer rewards. The banking sector warns that such returns could affect deposit inflows, whereas crypto firms argue that restricting rewards might hinder innovation. Despite advancements, issues concerning illicit finance and ethics remain unresolved, with Alsobrooks prioritizing substance over deadlines.
U.S. CLARITY Act Advances on Stablecoin Rewards Negotiations
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