The text of the Clarity Act regarding "staked yield" has been released, prohibiting stablecoins from directly generating interest, but allowing activities to generate yield.
It is highly likely that the Banking Committee bill will be reviewed in the second week of May. If passed smoothly, the next step is to merge it with the version passed by the Agriculture Committee in January, followed by votes in the House and Senate, and then sent to the White House for legislation in August.
The legislative agenda and timeline are very tight, but this is how bipartisan legislation works; it always gets dragged to the last must-pass moment.
$Coinbase(COIN.US)$Circle(CRCL.US)
$Strategy(MSTR.US)$BitMine Immersion Tech(BMNR.US)
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