According to Coinbase Chief Policy Officer Faryar Shirzad, the final text on rewards in the CLARITY Act reflects added bank-backed restrictions while preserving Americans’ ability to earn rewards on crypto platforms.
Coinbase Chief Policy Officer Faryar Shirzad said the final public text covering rewards in the CLARITY Act includes more restrictions sought by banks, while also preserving what he described as the ability for Americans to earn rewards through crypto platforms. The statement points to an active policy debate over how U.S. digital asset legislation should treat yield-related crypto services, which can include staking (locking crypto to earn rewards) or similar platform-based reward features. Based on the post, the key development is that the relevant rewards language is now public, offering the market a clearer view of how lawmakers may balance consumer access with constraints supported by traditional banking interests.