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Clarity Act text lets crypto firms offer stablecoin rewards while shielding bank yield - CoinDesk

The text released Friday blocks crypto firms from offering stablecoin yield offerings that look like bank deposits, but "bona fide" transactions are allowed.

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Stablecoin yield would be prohibited under a newly released agreement addressing that contentious part of the crypto market structure legislation in an approach that's broadly similar to what's been … [+4683 chars]

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