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Senate Debates CLARITY Act: Bonuses for Stablecoin Use?

1/18/2026

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Summary

Story summary

The Senate reviews CLARITY Act draft allowing bonuses for stablecoin use and clarifying incentives are not securities.
Senate Banking Committee Chairman Tim Scott emphasized the need for clear rules to protect consumers.
Bankers say bonuses exploit a regulatory loophole and could divert funds from regional banks.
Crypto lobbying groups say stablecoins are not used for lending and warn amendments could stifle innovation.

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Story summary

The Senate reviews CLARITY Act draft allowing bonuses for stablecoin use and clarifying incentives are not securities.
Senate Banking Committee Chairman Tim Scott emphasized the need for clear rules to protect consumers.
Bankers say bonuses exploit a regulatory loophole and could divert funds from regional banks.
Crypto lobbying groups say stablecoins are not used for lending and warn amendments could stifle innovation.