Stablecoin Bill Nears Final Rules
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The CLARITY Act's final stablecoin yield provisions signal a pivotal moment for crypto legislation, with Galaxy Digital's Alex Thorn predicting heightened opposition from banking industry players. The rules aim to clarify permissible yield-bearing activities for stablecoin issuers, potentially reshaping the competitive landscape between traditional finance and crypto-native firms. As regulators finalize these guidelines, market participants should brace for intensified lobbying efforts as banks seek to protect their turf. The outcome could either accelerate institutional adoption or impose new constraints on stablecoin innovation.
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