Senators try to unlock stalled crypto Clarity Act with compromise on stablecoin yield

As the window narrows to pass a crypto market structure bill this year, lawmakers told bankers at a Washington summit that the final bill won't risk deposits. What to know : The American Bankers Association is lobbying in Washington to close any stablecoin yield loophole they see in the crypto Clarity Act, but senators at a summit today said they're working on a stablecoin compromise to advance that bill. Senators, crypto advocates and bankers seem to be in agreement on keeping rewards away from static holdings of stablecoins that resemble bank accounts, because such holdings may rival traditional bank savings accounts. The potential for a major 2026 crypto bill is still dependent on a lot of things going right, including the resolution of several final points of debate and a smooth run through a tight Senate calendar.