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CLARITY Act Could Expand Service-Based Revenue Models in Crypto

CLARITY Act Could Expand Service-Based Revenue Models in Crypto

  • Passage of the CLARITY Act could reshape crypto revenue models.
  • Section 404 would restrict simple yield products offered by digital asset service providers (DASPs) and require revenue models built on lending, collateral and treasury management.
  • Bolono said the decentralized finance (DeFi) market could benefit, and that easing regulatory uncertainty could catalyze inflows of large pools of capital.

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Photo: Shutterstock
Photo: Shutterstock

Debate over the CLARITY Act is intensifying in the US Congress, and passage of the bill could reshape how the crypto industry generates returns, CoinDesk reported on May 23.

Joe Bolono, chief commercial officer at STBL, told CoinDesk the industry has…

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