X @BSCN

CLARITY ACT COMPROMISE BANS STABLECOIN REWARDS FROM LOOKING LIKE BANK INTERESTSenators Thom Tillis (R-NC) and Angela Alsobrooks (D-MD) have issued a joint statement confirming a bipartisan compromise on Section 404 of the CLARITY Act, signaling the deal is effectively locked in.The deal bars stablecoin rewards from mimicking bank deposit interest. That directly addresses the banking industry's core fear of deposit flight.Crypto firms can still offer other customer rewards. Journalist Eleanor Terrett (@Elean ...