Policy Event Β· High impact

US CLARITY Act Breakthrough: Stablecoin Yield Compromise Reached

Senators Thom Tillis and Angela Alsobrooks reach compromise on stablecoin yield provisions in the CLARITY Act. The deal bans passive yields on stablecoins but permits activity-based rewards. Banks gain significant advantage under the framework while crypto firms receive a regulatory path forward. The breakthrough could accelerate passage with implications for APAC stablecoin issuers competing for US market access.

High impactπŸ‡ΊπŸ‡Έ United StatesStablecoinRegulationUSDTUSDC

APAC FINSTAB analysis

Although this is outside core APAC, it is relevant because global market-structure, enforcement, and stablecoin precedents often shape licensing expectations for APAC exchanges, issuers, custodians, and DeFi teams. Protocols/assets in scope: USDT, USDC. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

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High impactπŸ‡°πŸ‡· South KoreaRegulationExchangeAML

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High impactπŸ‡¬πŸ‡§ United KingdomRegulationTokenizationCustodyXAUT