TechFlow News: According to The Block, on April 17, the latest draft language of the Clarity Act concerning stablecoin yield will be delayed until next week or later. Sources indicate that the current text retains prior wording—prohibiting yield generation on idle stablecoin balances held in accounts, while permitting yield from activities such as trading. Senator Thom Tillis stated that the draft text will not be made public until the Senate Banking Committee’s review timeline is confirmed. The report notes that the legislative team remains in discussions with the American Bankers Association and crypto firms, and that making substantive revisions to the text at this stage is highly challenging.
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