Crypto, Banks Near Deal on Stablecoin Yields as CLARITY Act Passage Tops 60%
Negotiators from the crypto industry and major banks are said to be closing in on an agreement over stablecoin yield provisions that have long stalled the CLARITY Act. Sources indicate that resolving this key sticking point has pushed the bill’s passage probability above 60%, and renewed expectations that President Trump could sign the legislation before year‑end. The disputed language centered on whether and how banks, fintechs and crypto firms may offer interest-bearing services tied to tokenized dollars.
If the deal holds, the move would remove a significant layer of legal uncertainty and could be a fresh tailwind for the crypto market. Clearer rules would give lenders and custodians firmer compliance paths and might encourage broader institutional involvement in stablecoin services, while traders and compliance teams await final text and a congressional timetable to assess exact impacts.