The Senate Banking Committee is preparing to mark up the CLARITY Act on May 14, 2026, and the banking lobby would very much like a word before that happens.
A coalition of major financial trade groups...

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<p>The Senate Banking Committee is preparing to mark up the CLARITY Act on May 14, 2026, and the banking lobby would very much like a word before that happens.</p>
<adv/><p>A coalition of major financial trade groups, including the American Bankers Association, the Bank Policy Institute, and the Independent Community Bankers of America, sent a joint letter on May 8 demanding consumer protection enhancements and wording tweaks to a recently struck stablecoin yield compromise. The timing is not subtle. Chairman Tim Scott wants the bill wrapped up before the May 21 Memorial Day recess, which leaves roughly a week to hash out changes that the banking industry considers non-negotiable.</p>
<adv/><h2>The stablecoin yield deal, explained</h2>
<p>The compromise, brokered on May 1 by Senators Thom Tillis and Lisa Alsobrooks, tries to split the difference. It bans passive interest yields on stablecoins, meaning issuers can’t simply pay holders a percentage just for holding tokens, the way a savings account works. But it does permit rewards tied to transaction volume or platform activity.</p>
<p>The banking groups apparently don’t think this distinction is drawn sharply enough. Their May 8 letter calls for additional consumer protections and more precise language, presumably to ensure the “activity-based rewards” loophole doesn’t become a backdoor for the kind of yield products that would compete directly with bank deposits.</p>
<h2>What’s actually in the CLARITY Act</h2>
<p>The CLARITY Act passed the House in July 2025 with a bipartisan vote of 294-134. At its core, the legislation draws jurisdictional lines between the SEC and CFTC for digital assets.</p>
<p>The Senate version expands the bill to nine titles, covering not just the SEC-CFTC split but also DeFi regulation, banking activities related to digital assets, illicit finance provisions, bankruptcy protections, and the Blockchain Regulatory Certainty Act.</p>
<p>The White House has set a target of July 4, 2026, for a presidential signature, according to the President’s Council of Advisors for Digital Assets. That timeline requires the Senate to reconcile its version with the House bill and get a final vote.</p>
<h2>What this means for investors</h2>
<p>The stablecoin yield provision is the piece that most directly affects everyday crypto users. If the banking lobby succeeds in tightening the language around activity-based rewards, it could limit the types of incentive programs that stablecoin platforms offer. For DeFi users accustomed to earning yield on stablecoin deposits, the ban on passive yields, if it survives in its current form, represents a meaningful shift.</p>
<p>Watch the May 14 markup closely. If the banking groups’ revisions get incorporated, the stablecoin provisions could look meaningfully different by the time the bill reaches the Senate floor. If Scott holds the line and pushes through without major changes, the banking lobby will likely shift its fight to the conference committee, where House and Senate versions get reconciled. Either way, the July 4 deadline is looking tight.</p>

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Senate panel considers CLARITY Act as banking groups propose stablecoin yield changes

參議院銀行委員會正準備於2026年5月14日審議《CLARITY法案》，銀行業遊說團體非常希望在此之前發表意見。

一個由主要金融業協會組成的聯盟…

<div><div><p>參議院銀行委員會準備於 2026 年 5 月 14 日審議《CLARITY 法案》，銀行業遊說團體非常希望在此之前能發表意見。</p><adv/><p>包括美國銀行家協會、銀行政策研究所和美國獨立社區銀行家協會在內的多家主要金融行業協會於5月8日聯名致信，要求加強消費者保護並修改近期達成的穩定幣收益率妥協方案中的措辭。此舉的時機頗為微妙。主席蒂姆·斯科特希望在5月21日陣亡將士紀念日休會前完成法案的審議，這意味著銀行業只有大約一週的時間來敲定他們認為不容商榷的修改條款。</p><adv/><h2>穩定幣收益交易詳解</h2><p>5月1日，參議員湯姆·蒂利斯和麗莎·奧爾索布魯克斯斡旋達成了一項妥協方案，試圖在各方之間找到平衡點。該方案禁止穩定幣的被動利息收益，這意味著發行方不能像儲蓄賬戶那樣，僅僅因為持有代幣就向持有者支付一定比例的利息。但該方案允許將獎勵與交易量或平臺活躍度掛鉤。</p><p>銀行業集團顯然認為這種區分不夠明確。他們在5月8日的信函中呼籲加強消費者保護，並採用更精確的措辭，其目的可能是為了確保“基於活動的獎勵”漏洞不會成為直接與銀行存款競爭的收益型產品的後門。</p><h2> 《CLARITY法案》的實際內容是什麼？</h2><p> 《CLARITY 法案》於 2025 年 7 月在眾議院以 294 比 134 的兩黨投票結果獲得通過。該法案的核心內容是劃定美國證券交易委員會 (SEC) 和美國商品期貨交易委員會 (CFTC) 在數字資產領域的管轄權界限。</p><p>參議院版本將該法案擴展至九個標題，不僅涵蓋了美國證券交易委員會 (SEC) 與美國商品期貨交易委員會 (CFTC) 的分離，還涵蓋了去中心化金融 (DeFi) 監管、與數字資產相關的銀行活動、非法金融條款、破產保護以及《區塊鏈監管確定性法案》。</p><p>據總統數字資產顧問委員會稱，白宮已將總統簽署該法案的目標日期定為2026年7月4日。這一時間表要求參議院協調其版本與眾議院法案，並進行最終投票。</p><h2>這對投資者意味著什麼</h2><p>穩定幣收益條款對普通加密貨幣用戶的影響最為直接。如果銀行業遊說團體成功收緊了基於活動獎勵的相關措辭，可能會限制穩定幣平臺提供的激勵計劃類型。對於習慣於通過穩定幣存款賺取收益的DeFi用戶而言，如果被動收益禁令以目前的形式保留下來，則意味著重大轉變。</p><p>密切關注5月14日的審議情況。如果銀行業團體的修改意見被採納，那麼當法案提交參議院全體會議審議時，穩定幣條款可能會發生顯著變化。如果斯科特堅持立場，力推法案不作重大修改，那麼銀行業遊說團體很可能會將鬥爭轉移到兩院聯席會議，屆時眾議院和參議院的版本將進行協調。無論如何，7月4日的最後期限都非常緊迫。</p></div></div>

參議院小組審議《CLARITY法案》，同時，銀行集團提議調整穩定幣殖利率

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去年看懂的人，今年肯定都財富自由了。