The U.S. Senate is moving closer to its next decision point on the Digital Asset Market Clarity Act, a sweeping crypto market structure bill, after lawmakers released compromise language addressing one of its most contentious issues, stablecoin rewards.
The revised proposal, negotiated by Sens. Thom Tillis and Angela Alsobrooks, restricts crypto firms from offering interest-like returns on passive stablecoin holdings while allowing incentives tied to actual platform activity. The development has raised expectations that the Senate Banking Committee could take up the bill as early as the week of May 11, according to CryptoSlate.
