Republican Senators Release Updated CLARITY Act, Stablecoin Yield Rules Unchanged, Idle Balances Earn No Interest but Activity-Based Rewards Allowed
The Senate Republicans released an updated version of the CLARITY Act, which includes an ethical framework negotiated with the White House, prohibiting sitting officials from receiving compensation for issuing or sponsoring digital assets, and requiring the sale of holdings or placement into blind trusts.
The Blockchain Regulatory Certainty Act remains unchanged, with non-custodial developers and infrastructure providers not considered money transmitters, and self-custody protections maintained.
Source: Public Information
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The Senate Republicans have been continuously pushing for clarity in cryptocurrency legislation, and this updated version of the CLARITY Act seeks to balance ethics, regulatory certainty, and enforcement tools, continuing the historical effort to provide a predictable framework for the industry while addressing Democratic concerns over enforcement powers.
On the capital front, the bill clarifies protections for non-custodial developers and self-custody rights, reducing compliance uncertainty to attract developers and institutional capital to remain in the U.S., while stablecoin issuers' cooperation with enforcement requirements enhances system security, benefiting long-term capital inflows.
Similar to the EU's MiCA classification regulation for stablecoins and service providers, the U.S. is currently in the phase of advancing federal cryptocurrency legislation from draft negotiations to implementation.
Essentially, this represents a regulatory change: the CLARITY Act reconstructs the governance structure of digital assets by clarifying responsibility boundaries and enforcement tools, concentrating capital in the U.S. market with high compliance certainty, and shifting pricing power from gray areas to innovation and infrastructure participants protected by clear rules.
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The higher the regulatory certainty, the more willing developers and capital are to invest long-term.
The clearer the non-custodial protections, the more self-custody becomes the industry baseline.
The more precise the enforcement tools, the more innovation space can coexist with compliance.