PANews reported on May 4th that, according to Cryptoinamerica, the US CLARITY Act has reached a key compromise on stablecoin yield mechanisms, clearing a major obstacle for the Senate Banking Committee to proceed with its review. Under the new proposal, crypto companies can offer rewards based on user transaction activity (such as cashback or membership benefits), but are prohibited from paying interest yield (APY) on idle stablecoin balances.

This compromise means that stablecoins will be explicitly positioned as payment instruments, rather than bank deposit-like or high-yield savings products. Industry insiders generally believe that this provision strikes a balance between the crypto industry and traditional banks, but is ultimately more beneficial to the banking system.

Industry organizations, including Coinbase, have renewed their support for the bill, arguing that while yield limits have been tightened, space remains for rewards based on real-world use cases. Some industry insiders, however, point out that this move restricts the expansion of stablecoins' financial attributes.

Regarding the regulatory process, Senate Banking Committee Chairman Tim Scott is expected to schedule a markup of the bill soon, possibly as early as mid-May after Congress reconvenes.

Furthermore, discussions surrounding DeFi regulation (such as defining developer responsibilities) and ethical clauses are ongoing and could become a significant variable affecting the final passage of the bill. The market generally believes that the next two weeks will be a crucial window for the CLARITY bill to be implemented.