US Senate to release final version of Clarity Act on stablecoin interest

The U.S. Senate is expected to release the final revised version of a market structure bill known as the Clarity Act this week, Crypto in America reported. The amendment aims to restrict interest-like earnings from stablecoins to prevent bank deposit outflows, while still permitting activity-based rewards. The changes were made to reflect industry backlash from companies like Coinbase and Stripe against the original draft. The Senate Banking Committee plans to coordinate on other contentious issues, including DeFi and token classification, with the goal of holding a hearing in late April.