Polymarket odds hit 55% after CLARITY Act stablecoin yield compromise

Senators Thom Tillis and Angela Alsobrooks released the final CLARITY Act text on stablecoin rewards. The compromise bans interest on idle stablecoin holdings and permits rewards for “bona fide activities.”

The text draws a clear line on yields. No firm may pay interest for simply holding stablecoins. Rewards tied to real platform or network use stay allowed. Forbes: compromise details

Coinbase backed the move. CLO Faryar Shirzad called it “a win for consumers.” Shirzad on X

CEO Brian Armstrong pushed the next step. “Mark it up,” he said to Senate Banking. Seeking Alpha: move the bill

Galaxy Digital’s Alex Thorn expects speed. He says markup could be scheduled as soon as the week of May 11. He also warns banks may intensify opposition. Thorn on X

• Idle stablecoin interest banned. Rewards must come from real activity. Compromise text
• Coinbase supports the outcome. Consumer rewards via usage protected. CLO statement
• Senate Banking markup may be imminent. Week of May 11 flagged. Timing signal
• Banks likely to push back at markup. Expect renewed opposition. Risk noted

This resolves a major holdup in the bill. Attention now shifts to the rest of the CLARITY Act. Forbes overview