🚨 CLARITY Act Update: The "Yield Ban" is Real, But There’s a Catch
The Senate Banking Committee is moving fast on the #ClarityAct , and the latest draft text changes the game for stablecoin holders 🏛️.
The biggest takeaway? The "Passive Income" model for simply holding $USDC or $USDT is likely over. The new draft specifically bans "interest-like" yields to avoid competing with bank deposits.
$BTC $XRP $SOL
#BitcoinBreaksBelow75KAsWarshTakesFedHelm #FenwickWestSettlesFTXFor54M #ARMABillIntroducedWith20YrLockup BitcoinETFsShed$1.26BInSixDays#SECHaltsInnovationExemption
The Senate Banking Committee is moving fast on the #ClarityAct , and the latest draft text changes the game for stablecoin holders 🏛️.
The biggest takeaway? The "Passive Income" model for simply holding $USDC or $USDT is likely over. The new draft specifically bans "interest-like" yields to avoid competing with bank deposits.
$BTC $XRP $SOL
#BitcoinBreaksBelow75KAsWarshTakesFedHelm #FenwickWestSettlesFTXFor54M #ARMABillIntroducedWith20YrLockup BitcoinETFsShed$1.26BInSixDays#SECHaltsInnovationExemption