U.S. senators prepare to release CLARITY Act text, outlining stablecoin yield limits while allowing activity-based rewards and ensuring banking stability.
U.S. senators are preparing to release the final text of the Digital Asset Market CLARITY Act. The updated draft could arrive this week. Moreover, the focus is on resolving stablecoin yield rules while supporting both innovation and banking stability.
Lawmakers Move Toward Stablecoin Yield Compromise
The revised draft follows an agreement reached on March 20, 2026. Key negotiators worked with the White House to settle differences. Therefore, the new version aims to balance crypto growth with financial system safety.
According to Eleanor Terrett, the final text may be released soon. Work has continued despite the Easter recess. As a result, lawmakers are pushing forward with the updated framework.
Related Reading: Passing CLARITY Act Could Calm Crypto Markets, Says Treasury Secretary – Ledger Tribune
The proposal includes a ban on passive yield for stablecoins. Platforms cannot offer interest simply for holding tokens. This rule targets products similar to bank deposits. Therefore, it aims to prevent funds moving away from banks.
However, the bill allows activity-based rewards. Users can still earn incentives through transactions or platform use. These include loyalty programs, payments, and staking rewards. Therefore, innovation in crypto services can continue.
Key Senators Lead Efforts to Finalize Crypto Bill
The compromise has been led by Thom Tillis and Angela Alsobrooks. They worked to bridge gaps between regulators and the crypto industry. Moreover, their efforts helped reach the agreement in principle.
Other lawmakers also play important roles in the process. Cynthia Lummis and Kirsten Gillibrand continue to guide broader crypto policy discussions. Their earlier work supports the current bill structure.
In addition, the Senate Banking Committee is preparing next steps. The committee is chaired by Tim Scott. It plans to review the bill in late April 2026. Therefore, the process is moving toward formal approval stages.
Lawmakers aim for a full Senate vote by May 2026. This timeline is important due to upcoming midterm elections. As a result, there is urgency to finalize the legislation soon.
Market Reaction and Industry Impact Remain Uncertain
Earlier drafts of the bill created market concerns. Companies like Circle and Coinbase saw stock declines after strict proposals. Therefore, the new compromise aims to reduce uncertainty.
At the same time, regulators such as the SEC and CFTC may gain more authority. They could receive a 1-year period to define detailed rules. This includes setting limits and preventing misuse of incentives.
However, some experts remain cautious about the bill’s future. Reports from TD Cowen suggest challenges ahead. The final passage in 2026 is not fully certain yet.
Overall, the CLARITY Act marks a key step in U.S. crypto regulation. The focus on stablecoin yield rules reflects growing policy attention. Therefore, the upcoming release may shape the future of digital asset markets.