Clarity Act amendment may adjust stablecoin, tokenization rules

Crypto in America host Eleanor Terrett said on X that she expects the new version of the CLARITY Act amendment to include a compromise on interest income from stablecoins. This was a key concern raised by Coinbase CEO Brian Armstrong when he withdrew his support for the original draft. Terrett also noted that the language in 'Section 505,' which was controversial for potentially banning tokenized securities, is understood to have been improved. Additionally, a compromise could be included that would prevent software developers from being classified as money transmitters while allowing regulators to maintain their authority to track illicit activities.