What the fuck? Is this for real? — According to Coindesk news, the crypto bill *Clarity Act* has added new amendments: Stablecoins are prohibited from generating "balance-based yields" like bank deposits. Only "behavior-based rewards" from user transactions and delivery actions are allowed. Clearly, this rule is essentially cutting off the link between stablecoins and treasury yields. If that's the case, stablecoins might only have two forms in the future: 1⃣ Pure settlement tools at the base layer, without any interest-bearing properties (but honestly, who would want to hold USD with no yield?); 2⃣ Yields get squeezed to the upper layers, achieved through leverage, market-making, structured strategies, or protocol subsidies. Sounds like the familiar DeFi playbook... #Crypto #DeFi #Stablecoins