RKLB CommentatorThis expected news was already there last month, it's just that the high stock price is the original sin～
The latest development of the Clarity Act regarding stablecoin interest-bearing is to prohibit platforms from providing yields "directly or indirectly" for holding stablecoins or in a manner similar to bank deposits. This restriction will broadly apply to digital asset service providers (exchanges, brokers, etc.) and their affiliated companies to limit circumvention and prohibit any actions "economically or functionally equivalent to" interest.
Only rewards linked to user activities are permitted, including loyalty programs, promotions, or subscription plans, provided these rewards are not considered economically or functionally equivalent to interest.
This is the proposal closest to reaching a consensus. Next, the banking committee will review this proposal this week.
$Coinbase(COIN.US)$Circle(CRCL.US)
$IShares Ethereum Trust ETF(ETHA.US)
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