Tillis-Alsobrooks Reach Compromise On Stablecoin Yield In Clarity Act

Punchbowl News reported today that Senate negotiators had agreed to new stablecoin yield language in the CLARITY Act, with the text barring rewards that are economically or functionally equivalent to interest on a bank deposit. The compromise, finalized by Sens. Thom Tillis (R-N.C.) and Angela …