Amendments to the Clarity Act have recently cleared up a loophole in its measures. This has pushed it one step closer to being passed.
Designed to bring more transparency to the crypto industry in the US, the Clarity Act is a proposed federal-level framework. It has been at a tough crossroads, with US Banking groups and the crypto industry all disagreeing on how to regulate the use of stablecoins. Primarily, this has been over the use of yields. This week, some of this was cleared up, bringing the Clarity Act one step closer to passing.
The Clarity Act on Crypto Prices
As of Tuesday, the 5th of April 2025, the crypto charts showed that Bitcoin surged to $80,556. Ethereum has also risen to $2369, after spending over two months hovering around the $1968 mark, occasionally jumping over $2000, then falling back down. Monday night saw these prices edge forward, as a new compromise regarding the use of stablecoins was reached regarding the Clarity Act. Bitcoin ETF inflows picked up, and shares jumped for Bitcoin mining companies.
On Friday, news broke that Senators had struck a deal that limited the yield on stablecoin interest. While some social media sceptics derided this, noting that it was a win for banks, many saw it as bringing the Clarity Act one step closer to passing. Prediction markets saw their likelihood of passing go from 46% to 64%.
Essentially, anything that is close to a bank deposit is now not allowed. Thus, deposits can not be made and then receive interest. This larger crypto bill has divided oversight between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
Previous Amendments to US Stablecoin Law
The GENIUS Act from 2025 essentially banned the issuers of stablecoins from paying interest to investors. Primarily, people saw this as playing it safe for banks, which had been concerned that people would forgo their products for higher-paying stablecoin yields. This did, however, leave an unaddressed loophole, as it did not state if third-party exchanges were allowed to pay interest.
January had seen a further compromise. Companies could offer rewards in the form of remittances, transfers and transactions. This offset some of the damage done by not being able to offer yields. During this period, even the section title evolved from ‘Preserving Rewards for Stablecoin Holders’ to ‘Prohibiting Interest and Yield on Payment Stablecoins’.
If anything, the issuance of rewards has now been cleared up. There are now three groups of exceptions, which can allow payments based on balances, not just the volume of a stablecoin transaction. These are staking, liquidity for market making and posting collateral for trading.
The Reaction From Banks
Many major banks were not happy with this fix. The American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Financial Services Forum and Independent Community Bankers of America noted that this “fell short” of their expectations. They added that "Senators Tillis and Alsobrooks are seeking to achieve the correct policy goal, prohibiting the payment of yield and interest on stablecoins; however, the proposed language falls short of that goal."
This follows a long battle, in which the banking industry has pushed against crypto companies being allowed to offer incentives. The argument from crypto firms is that this could seriously limit innovation.
Stablecoin Markets
Binance noted that in February, the total stablecoin supply remained firm at US $315 billion despite risk-off conditions, suggesting capital is rotating into stable assets rather than exiting the ecosystem. Simultaneously, tokenised RWAs reached US $25.4 billion as treasury-backed products maintained steady institutional and retail interest. All this highlighted the robustness of the sector.
Crypto-related stocks did begin to surge. Understandably, Circles' stock price rocketed by 20%. This saw them close at $119.53 on Monday evening's trading and took it to gains of 32.4% over the past month. Bitcoin itself rose 2.12%.
This upturn was much needed by the crypto community, which had faced months of bearish sentiment. The February drawdown to a US $2.36 trillion market cap pushed the Fear and Greed Index to a historic low of 5. While five consecutive months of negative returns represented a rare bear streak, leveraged metrics indicated that the deleveraging process was ongoing but still unfinished.
This act still has a long way to go. Yet it seems that the use of stablecoins is more of a when, rather than an if scenario. Binance also highlighted that Meta still plans a stablecoin payments reboot with Stripe under post-GENIUS Act tailwinds. They are exploring stablecoin-backed payments across its social platforms via a partnership with Stripe, aiming to drive adoption across its roughly 3B-user ecosystem after abandoning its earlier Libra/Diem effort.
More loopholes will need to be cleared up. It seems apparent that these negotiations will have a huge impact on the price of cryptocurrency, with the two now intrinsically linked. Investors must be up to date with news regarding this, watching how changes in the law, which bring crypto adoption closer to the mainstream of finance, play out.
Opening a CS2 case remains one of the game's biggest attractions, where every spin offers the possibility of revealing a valuable cosmetic item. You could receive an inexpensive blue skin, or you might unlock a knife worth hundreds or even thousands of dollars, so that uncertainty keeps millions of players coming back, so every opening f
To swap Solana (SOL) to Monero (XMR) in 2026, connect a compatible wallet to a non-custodial aggregator, select the assets and networks, review the rate and fees, then confirm the transaction for an instant cross-chain exchange. This process keeps you in control of your funds the entire time.
Online gaming communities have come a long way from the forum posts and IRC channels of the early 2000s. Today's players connect through integrated voice chat, streaming platforms, and sophisticated matchmaking systems that pair teammates based on play style rather than just skill rating. The shift toward cooperative experiences has fund