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CZ says stablecoins can still offer yield after CLARITY Act vote fails

  • CZ reposted Compound’s founder’s summary of the CLARITY Act’s failed Senate procedural vote.
  • Stablecoins can continue providing yield, CZ said, identifying a positive aspect of the setback.
  • CZ said setbacks occur during progress and urged continued movement forward.

CZ reposted on X a summary by Compound’s founder saying the CLARITY Act failed to pass a procedural vote in the Senate. He said stablecoins (digital tokens designed to maintain a stable value) could still provide yield, describing that as one positive aspect of the setback. CZ added that obstacles are inevitable while technology continues advancing, and urged people to keep moving forward.

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