The Clarity Act may drive the crypto industry toward a "revenue-as-a-service" model.

TechFlow to TechFlow, on May 23, the Clarity Act may spur a new "revenue-as-a-service" market in the crypto industry. Joe Vollono, Chief Business Officer of STBL, stated that if Section 404 of the Act is implemented, it will prohibit digital asset service providers from offering revenue solely based on users' holdings of digital assets. This could shift the industry from "earn by holding" to "earn by using," and drive the development of infrastructure such as compliant revenue strategies, fund management, lending, and collateral management. The report also points out that AI may become the coordinating layer for regulated fund flows, and related service providers are expected to benefit.