Story perspectives

Bipartisan Deal Reaches Stablecoin Yield Regulations Ahead of CLARITY Act

3/23/2026

Summary

Story summary

On March 20, 2026, Senators Thom Tillis and Angela Alsobrooks announced a bipartisan agreement on stablecoin yield regulations that resolves a dispute stalling the CLARITY Act.
The deal bans passive yields and allows activity-based rewards tied to transactions.
The arrangement favors banks by addressing concerns of deposit flight from unregulated yields.
The CLARITY Act still faces five hurdles, including a Senate Banking Committee markup, with progress by May.

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Story summary

On March 20, 2026, Senators Thom Tillis and Angela Alsobrooks announced a bipartisan agreement on stablecoin yield regulations that resolves a dispute stalling the CLARITY Act.
The deal bans passive yields and allows activity-based rewards tied to transactions.
The arrangement favors banks by addressing concerns of deposit flight from unregulated yields.
The CLARITY Act still faces five hurdles, including a Senate Banking Committee markup, with progress by May.