US crypto market structure bill amendment expected within hours

An amended version of the U.S. crypto market structure bill (CLARITY Act) is expected to be submitted within the next few hours, according to Sarah Wynn of The Block. Sources indicate the amendment will include stricter limits on stablecoin yields. The U.S. Senate Banking Committee previously released a draft of the bill that would only permit interest or rewards on stablecoins if they are tied to substantial activities such as opening an account, trading, staking, or providing liquidity.