U.S. Senate Targets April Markup for Digital Asset Market CLARITY Act

The U.S. Senate is preparing for a committee markup of the Digital Asset Market CLARITY Act in the latter half of April. According to NS3.AI, the proposed legislation aims to prohibit passive yield on stablecoin balances, while permitting limited rewards based on activities such as payments or platform usage. Additionally, the bill seeks to enhance protections for decentralized finance (DeFi) and maintain the current division of regulatory responsibilities, with the Commodity Futures Trading Commission (CFTC) overseeing digital commodities and the Securities and Exchange Commission (SEC) managing investment contract assets.