CoinDesk Podcast Network New Clarity Act Draft Prohibits Stablecoin Yield Payments | CoinDesk Daily
Mar 24, 2026
A new Clarity Act draft would ban paying yield just for holding stablecoins. Discussion of Larry Fink's push for tokenization and regulated digital wallets to modernize finance. Coverage of Invesco taking over and rebranding a tokenized U.S. Treasury fund. Short updates and pointers to further coverage.
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Clarity Act Bans Stablecoin Hold Rewards
- The Clarity Act draft would ban paying yield simply for holding stablecoins in many programs.
- The language also bars structures that could make those programs resemble traditional bank deposits, narrowing yield options for issuers.
Political Friction Could Shape Crypto Oversight
- Democrats want stricter DeFi oversight and a rule barring senior officials from profiting off crypto, adding legislative hurdles to the bill.
- If resolved in committee, the bill could reach a full Senate vote and reshape U.S. crypto regulation.
Larry Fink Bets Tokenization Broadens Access
- BlackRock CEO Larry Fink says blockchain and regulated digital wallets can modernize finance to be faster, cheaper, and more accessible.
- Fink frames tokenization as a way to broaden investor participation beyond existing asset owners, calling for an upgrade to financial rails.