The agreement necessitates firms restructure reward programs from a "buy and hold" to a "buy and use" model; however, CCI raised concerns over its broad prohibition. Senators Thom Tillis and Angela Alsobrooks released a compromise on stablecoin yield in the CLARITY Act, banning yield equivalent to bank deposits but allowing "bona fide activities." Crypto trade groups, including Coinbase and Circle, immediately backed the deal and urged the Senate Banking Committee to advance the market structur…
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