Crypto Stocks Decline Over 10% on Looming Stablecoin Yield Ban

The post Crypto Stocks Decline Over 10% on Looming Stablecoin Yield Ban appeared first on Coinpedia Fintech News The latest draft of the Clarity Act, a bill seeking to provide better regulatory oversight in the crypto industry, has proposed a ban on stablecoin yields, while permitting active rewards on the same. Should this bipartisan bill get Senate approval, it would effectively ban passive interest on stablecoin deposits, but allow active rewards for using …