Senate Banking Committee members Thom Tillis (R) and Angela Alsbrooks (D) discussed with the administration the issue of yield payments on stablecoins. However, it is unclear what exactly the parties included in the agreement. Tillis emphasized the need to secure the industry's support before final approval. If approved, the bill could gain bipartisan support. According to Polymarket, there is a 68% chance of the CLARITY Act being signed into law by 2026.
In February, the White House proposed a compromise to the crypto industry and banks regarding yield payments on stablecoins. The administration suggested allowing rewards for certain actions and transactions. However, interest should not accrue for holding stablecoins, similar to bank deposits.