The Clarity Act's stablecoin yield language got pushed back again in the Senate, with markup now targeted for late April as the bill heads into recess unresolved. The ban on passive yield from idle stablecoin balances stayed firmly in place โ€” only narrowly-defined activity-based rewards tied to real payments and platform usage are permitted, with SEC, CFTC, and Treasury given 12 months to spell out specifics. Coinbase and Stripe have both objected to the bank-friendly framing, but the bipartisan common ground on yield rules appears to have survived this round.

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