According to Foresight News , citing CoinDesk, sources revealed that crypto industry professionals saw the latest provisions regarding stablecoin rewards in the Senate's revised Digital Asset Markets Clarity Act during a closed-door review meeting on Capitol Hill in Washington. Initial impressions were that the language was too narrow and unclear. The new provisions were released last Friday by Senators Angela Alsobrooks and Thom Tillis. The source stated that the new provisions would prohibit earning rewards solely for holding stablecoins, restrict any practices that equate the program with bank deposits, and further limit other potentially permitted activities. The specific criteria for determining activity-based stablecoin rewards remain unclear.
The latest draft of the CLARITY Act prohibits earning returns solely for holding stablecoins and restricts any practices that equate the program with bank deposits.
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