The bill restricts passive stablecoin yields while allowing limited activity-based rewards, reflecting a compromise between banking and crypto industry pressures.
The United States Senate Banking, Housing, and Urban Affairs Committee has advanced the Digital Asset Market Clarity Act in a 15–9 vote, marking another step towards establishing a federal framework for digital asset markets.
Committee Chair Tim Scott said the bill is intended to establish clearer rules for digital assets, strengthen consumer protection, support innovation and keep digital asset activity within the United States. The committee said the legislation now moves to the Senate floor.
The vote followed months of negotiations…
