Coinbase Policy Chief Says CLARITY Act Rewards Language Is Now Public

Coinbase said a key dispute over stablecoin holder rewards has been resolved through a compromise with traditional banks, potentially clearing the way for the Senate to advance the CLARITY Act. The final plan adds some limits to stablecoin yield terms while preserving room for users to earn rewards through crypto platforms and networks. Earlier reporting had said banks secured tighter restrictions on rewards that resemble deposit interest, while the bill still allows some crypto-platform incentives tied to real use cases. The legislation is also intended to clarify regulatory boundaries between the SEC and CFTC, and the latest development could help the measure reach a vote in the Senate Banking Committee.

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