Credit unions reject stablecoin rewards, bitcoin traders look to inflation data: Crypto Daybook Americas

Group 1 - U.S. credit unions and banks have rejected reward payments for holding stablecoins, while crypto traders are anticipating U.S. inflation data that could influence bitcoin buying [1][5] - The Digital Asset Market Clarity Act proposes a regulatory framework categorizing digital assets into three categories: digital commodities, investment contract assets, and permitted payment stablecoins, with disagreements among credit unions, banks, and crypto firms regarding interest payments on stablecoin holdings [2][3] - Senate lawmakers have released an updated draft of the CLARITY Act, prohibiting digital asset service providers from paying any form of interest or yield for holding payment stablecoins, which analysts believe could lead to new record highs for bitcoin and the broader market if passed [3][4] Group 2 - The prediction markets currently indicate an 80% chance of the CLARITY Act being signed into law this year, which could significantly impact the crypto market [4] - In the crypto markets, the top 10 tokens by market capitalization, including bitcoin and ether, have shown a 1%-2% increase, while the broader market has demonstrated strength with some tokens gaining over 15% [5] - The consumer price index is estimated to have risen 2.6% year-on-year, a slight decrease from November's 2.7%, which could influence Federal Reserve interest-rate cut expectations and subsequently affect bitcoin and other risk assets [6]