The new draft of the US "Clarity Act" is out, and the rules for stablecoin interest are changing

【BlockBeats】There has been a noteworthy development in the crypto space recently. According to reports, the latest draft of the “Clarity Act” circulating in the U.S. Senate (Page 189) introduces new rules for stablecoin regulation—companies cannot simply pay interest just because users hold a balance.

This might sound like a boost for banks, but it’s not that straightforward. Users still have the opportunity to earn returns; the key is that these rewards must be tied to specific actions. What actions? Opening accounts, conducting transactions, staking, providing liquidity, collateral support, and participating in network governance—all count. In other words, the era of earning interest just by holding coins while doing nothing may be coming to an end.

However, there’s a timing aspect to note: Senators have a 48-hour window to comment on and amend this draft. So whether these provisions will pass unchanged in the Thursday version remains uncertain. Policy reversals at the last minute are not uncommon in Washington, and the crypto industry needs to keep a close eye on these developments.