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CryptoUpdated×7•Originally published 1 May 2026•Updated 3 May 2026•

1 min read

US Clarity Act Sets Regulatory Boundaries for Stablecoin Rewards and Bank Yields

Key Facts

1The Clarity Act text blocks crypto firms from offering stablecoin yield offerings that resemble bank deposits.

2The proposed legislation allows for 'bona fide' transactions regarding stablecoin rewards.

Digital asset markets reached a significant milestone as a deal was finalized regarding stablecoin yields within the 'Digital Asset Market Clarity Act of 2025'. The legislation mandates a shift for reward programs toward a 'buy and use' model to prevent crypto firms from mimicking traditional bank deposits. While Coinbase CEO Brian Armstrong urged the Senate to proceed with an immediate vote, new industry perspectives suggest the bill may not be existential for the sector. Specifically, Chris Perkins emphasized that the crypto industry will not suffer even if the CLARITY Act fails to pass. This counter-narrative emerges as Ethereum rose 1.15% to $2,302, reflecting ongoing market resilience. Analysts remain focused on whether the bill will ultimately provide the stable legal framework long sought by institutional investors.

about 1 month ago

Version History

Version 7about 1 month ago

What changed: Added comments from Chris Perkins suggesting the crypto sector will remain resilient even if the CLARITY Act is not passed.

Version 6about 1 month ago

What changed: Updated the report with the official formal title of the legislation: 'Digital Asset Market Clarity Act of 2025'.

Version 5about 1 month ago

What changed: Added details on the mandatory 'buy and use' reward model and included the objection from the Crypto Council for Innovation (CCI) regarding the scope of the prohibition.

Version 4about 1 month ago

What changed: Confirmation of a deal reached on stablecoin yields, ending the legislative stalemate and prompting Coinbase's CEO to call for an immediate Senate markup.

Version 3about 1 month ago

What changed: The story was updated to include Ethereum's 1.15% price increase to $2,302 on May 2, linked to the legislative progress of the Clarity Act.

Version 2about 1 month ago

What changed: The story was updated to include Coinbase's involvement in shaping the legislation and the positive outlook for Bitcoin's institutional attraction.

Version 1about 1 month ago

What changed: The story was updated to include expectations of increased political opposition and pressure from the traditional banking sector against the new legislation.