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The Clarity Act draft restricts users to earning interest only by holding a stablecoin
BlockBeats News, January 13th. According to crypto journalist Eleanor Terrett, in the stablecoin yield issue, banks may have gained the upper hand in this round of the game. The latest leaked draft of the "Clarity Act" (page 189) stipulates that companies must not pay interest based solely on user balances.
Users can still receive rewards, but these rewards must be tied to specific actions, such as: opening an account, conducting transactions, staking, providing liquidity, offering collateral, and participating in network governance.
Currently, senators have 48 hours to propose amendments to the text, so there is still uncertainty about whether these terms will remain unchanged in Thursday's version.
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