The Clarity Act Banned Stablecoin Yield to Protect Banks: It May Have Just Made Tether and DeFi the Winners

Regulation toward cryptocurrencies, specifically in the U.S., have largely been progressive to the industry since President Trump took office. The CLARITY Act, a proposed legislation that would clarify oversight and legitimize stablecoins was supposed to be crypto’s big moment. However, on March 23 we got an updated version of the market structure bill from congress […]