U.S. Senator Holding Cards on Clarity Act's Next Move Says It's Ready to Get to Hearing

U.S. senator holding cards on Clarity Act's next move says it's ready to get to hearing

Senator Thom Tillis was at the center of the legislative negotiations over stablecoin yield that have delayed the market structure bill, but he said it's time to go.

GENIUS Act Blocks Stablecoin Yield Payments as FDIC Tightens Reserve Rules

Congress just killed direct stablecoin yields. The GENIUS Act bars issuers from paying holders interest on their tokenized dollars, and… Read the original on GENIUS Act Blocks Stablecoin Yield Payments as FDIC Tightens Reserve Rules. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

CLARITY Act stablecoin fight shifts from yield to who captures digital-dollar economics

Washington is turning stablecoins into regulated payment instruments while trying to keep issuer-paid yield away from holders. That combination changesthe economics of digital dollars and puts the value of user balances up for grabs across the intermediary stack. The GENIUS Act bars permitted payment stablecoin issuers and foreign payment stablecoin issuers from paying holders any form of interest or yield solely for holding, using, or retaining…