Senators Strike Stablecoin Deal Unblocking CLARITY Act

The compromise bans passive yields from simply holding stablecoins but permits rewards for active payments or transfers, clearing a major hurdle for the Digital Asset Market CLARITY Act. This bill would split oversight between the SEC for securities-like tokens and the CFTC for commodities, while shielding #defi developers and strengthening anti-money laundering measures. Banks worried about deposit flight to yields, while crypto advocates pushed for competitiveness; a draft is expected this week, with committee markup in late April. #Stablecoins already moved $27-33 trillion last year, outpacing Visa and Mastercard combined. $XRP $BTC