Crypto industry backs CLARITY Act yield compromise, pushes Senate Banking for markup
Senators Tillis and Alsobrooks released a CLARITY Act compromise banning stablecoin yield equivalent to bank deposits while allowing rewards tied to "bona fide activities." Crypto industry leaders including Coinbase and Circle immediately backed the deal, urging Senate Banking markup. Firms must restructure programs from "buy and hold" to "buy and use" models. The agreement marks progress toward U.S. crypto regulatory clarity.
Coins in this story
Explore how AI Agents is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
New Bitcoin quantum proposal offers Satoshi Nakamoto a way to prove control without moving BTC
Paradigm proposes Provable Address-Control Timestamps (PACTs), allowing Bitcoin holders to privately prove ownership of quantum-vulnerable wallets without moving coins. Using zero-knowledge proofs, PACTs let owners timestamp proof today and redeem coins later if quantum computers threaten the network. The system requires Bitcoin soft fork adoption and STARK verification infrastructure, offering a potential rescue path for Satoshi's dormant 1.1 million BTC worth $84 billion.
Brazil's central bank bans stablecoin and crypto settlement in cross-border payments
The ban applies to fintechs and payment firms, closing the back-end payment rail for cross-border flows, but individual crypto investors can still buy and hold assets....
The $292M crypto hack exposed DeFi's weak spots. Here’s what must change, insiders say
A $292 million Kelp DAO exploit exposed critical DeFi security gaps as Wall Street institutions like BlackRock and Apollo Global Management accelerate onchain investments. Industry experts argue the hack is a temporary setback, not a roadblock. DeFi protocols must adopt institutional-grade safeguards—zero-trust architectures, stricter collateral standards, and auditable smart contracts—before scaling institutional capital securely into decentralized finance markets.