🇺🇸 The updated CLARITY Act draft is shaping up to make some interesting moves in stablecoin regulation. Here's what's on the table: stablecoin rewards for activities like payments, staking, and wallet usage get the green light. But there's a catch—interest payments tied solely to holding tokens? That's getting the axe. The distinction signals regulators are trying to encourage productive use cases while clamping down on pure yield mechanics. Worth keeping tabs on as this develops.
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GateUser-cff9c776
· 8h ago
Regulators have finally figured it out—the question of productive use vs pure profit-making gameplay. In simple terms, they want to shift stablecoins back from "financial products" to "payment tools," somewhat like trying to save financialized artworks... But once this policy is implemented, those projects that rely on interest rate spreads might have to start from scratch.
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SignatureAnxiety
· 8h ago
The regulators still want the crypto industry to do real work; they don't want it to just sit back and earn interest.
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Anon4461
· 8h ago
Stablecoin rewards are usable, but pure yield has been cut? Is the regulation really trying to force us to work?
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ZKSherlock
· 8h ago
actually, hold up—distinguishing between "productive" yield and pure holding rewards is mathematically coherent but the trust assumptions here are sketchy af. who decides what counts as productive? the computational overhead of enforcing this distinction across chain... tbh kinda sounds like regulators haven't thought through the cryptographic primitives needed to even verify this stuff.
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AirdropFreedom
· 8h ago
It seems that the regulators want to separate active traders from pure opportunists.
🇺🇸 The updated CLARITY Act draft is shaping up to make some interesting moves in stablecoin regulation. Here's what's on the table: stablecoin rewards for activities like payments, staking, and wallet usage get the green light. But there's a catch—interest payments tied solely to holding tokens? That's getting the axe. The distinction signals regulators are trying to encourage productive use cases while clamping down on pure yield mechanics. Worth keeping tabs on as this develops.