
Clarity Act Update!🚨
The banking side has rolled out fresh language in the pending Clarity Act in its effort to break the stablecoin rewards deadlock, but sources are calling the wording cringy, narrow, and packed with ambiguity that could spark even more uncertainty across the digital asset sector.
Under the proposal, rewards are now allowed, yet only for permitted user activities such as loyalty, promotional, or subscription programs.
Strict guardrails aim to stop anything that appears to economically or functionally emulate interest on bank deposits, and the rules would apply broadly to exchanges, brokers, and their affiliates to plug any loopholes.
The crypto community is split right down the middle.
Some see real progress toward a more balanced outcome than earlier, heavy-handed versions, while others warn that the broad clauses remain too restrictive and ripe for regulatory overreach.
Check out the full report on Blockzeit⏬
blockzeit.com/new-language-i…

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