Summary
- A revised version of the US crypto market-structure bill (CLARITY Act) is expected to be submitted to the Senate within hours.
- The revision is expected to strengthen stablecoin regulation and impose stricter limits on stablecoin income (interest and rewards).
- The market expects that passage of the revision would have a significant impact on stablecoin business models and revenue structures in the US.
A revised version of the draft US crypto market-structure bill, the CLARITY Act, is expected to be submitted within hours, according to The Block, a crypto-focused US media outlet, on the 13th (local time).
Citing sources, the outlet reported that “a revised CLARITY Act will soon be submitted to the Senate, and regulation related to stablecoins will be tightened further.”
The outlet added that the revision is expected to include stricter limits on stablecoin income (interest and rewards).
Previously, the US Senate Banking Committee released a draft bill that would allow stablecoin interest or reward payments only when accompanied by substantive economic activity such as account opening, transactions, staking, or providing liquidity.
The market expects that, if the revision passes, it will have a significant impact on stablecoin business models and revenue structures in the US.
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