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CLARITY Deal Reached!🚨Yield Details Revealed?

DeFi Daily News by DeFi Daily News
May 4, 2026
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On Friday, key language in the proposed crypto legislation was updated to restrict crypto companies from paying savings account-like interest or yield to users on passive stablecoin deposits – leaving that function to traditional banks. However, the bill does allow rewards as usage-driven incentives that could be tied to activity like trading, transactions or staking, as expected.

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00:40 Thilis and Alsobrooks finally
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01:30 Coinbase says banks won
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02:30 Treasury has power to police
04:30 Duration and tenure
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11:15 Conference week

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Tags: bank lobbybanksbanks vs cryptoBitcoinbitcoin newsbitcoin strategic reservebrian armstrongClarityclarity actclarity act cryptoclarity act newsclarity act updatecoinbasecongress cryptocrypto billcrypto legislationcrypto marketcrypto newscrypto regulationcryptocurrency newscynthia lummisdealDetailsEthereumjp morganpaul grewalReachedYieldRevealedsenate cryptostablecoin rewardsstablecoin yieldstablecoin yieldsStock market
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