[Latest Draft of the CLARITY Act Still Prohibits Earning Rewards Solely for Holding Stablecoins] Odaily Planet Daily News: On May 12, the U.S. Senate Banking Committee released the latest 309-page draft of the CLARITY Act. However, Article 404 of the draft still stipulates a prohibition on earning rewards “solely for holding” stablecoins. Specifically, no regulated entity may directly or indirectly pay any form of interest or rewards (whether in cash, tokens, or other consideration) to restricted recipients solely because the recipient holds its stablecoins, or pay stablecoin balance rewards in a manner economically or functionally equivalent to interest or earnings on bank deposits. However, the latest draft does allow stablecoin rewards and incentives based on genuine activities or transactions, such as rewards tied to participation in actual transactions, payments, platform activities, or providing liquidity.