PANews reported on May 23 that, according to Coindesk, industry insiders believe the US Clarity Act may drive growth in the yield-as-you-go (R&D) sector within the crypto industry. The Act's provisions prohibit models that rely solely on asset holding for returns, forcing the industry to abandon passively accruing interest-bearing products and shift towards compliant, proactive capital operation strategies. Analysts predict that AI-driven fund management and lending/collateralized lending tools will become the core underlying infrastructure of the industry.

The bill has passed the Senate Banking Committee and is expected to be voted on by the full Senate in July, with a one-year grace period for implementation. This comprehensive set of regulatory rules will clarify the regulatory responsibilities for digital assets, potentially alleviating institutional concerns and attracting significant traditional capital.

Meanwhile, the interplay between the banking and crypto industries is becoming apparent, with market concerns about deposit outflows impacting the traditional banking system. Industry insiders believe the two may ultimately merge and coexist, allowing banks to leverage new regulations to develop stablecoin-related businesses. As regulatory clarity deepens, the next generation of stablecoin systems and compliant return service models will also accelerate their development.