Circle shares surge as CLARITY Act compromise preserves stablecoin rewards
Updated
Updated · CNBC · May 4
Circle shares surge as CLARITY Act compromise preserves stablecoin rewards
10 articles · Updated · CNBC · May 4
Circle jumped 19.9%, Coinbase rose 6.1% and Bitcoin gained more than 1% to about $79,000 after lawmakers revised the bill over the weekend.
The updated language bars savings account-like interest on passive stablecoin deposits but still permits activity-based rewards tied to trading, transactions or staking.
The outcome is seen as a win for Circle and Coinbase, while potentially squeezing smaller high-yield platforms; Bank of America called it a net positive for banks and digital-asset infrastructure.
By limiting stablecoin rewards, is the US accidentally undermining the dollar's dominance in the digital age?
Will the new crypto law successfully protect banks, or does it just create a new loophole for stablecoin rewards?
As stablecoin savings accounts disappear, will 'usage rewards' truly replace the lost income for crypto investors?