U.S. Clarity Act to Ban Rewards on Stablecoin Holdings, Industry Concerns Arise Over Provisions

Ban on Holding Rewards, Activity-Based Accepted

According to Eleanor Terrett, former Fox Business reporter and host of Crypto in America, who reported on X on March 23, the latest provisions of the U.S. cryptocurrency market structure bill, the 'Digital Asset Market Clarity Act (Clarity Act)', indicate a move to ban rewards on stablecoin holdings. Industry insiders who have seen the provisions are already voicing concerns.

As reported on March 23...