The crypto industry reached a compromise on the CLARITY Act, moving the needle toward Senate Banking Committee markup. The deal restructures how firms can offer yield and rewards to customers, shifting the model from "buy and hold" incentives to "buy and use" programs. This change addresses regulatory concerns that static reward structures might constitute unregistered securities offerings.
The Crypto Council for Innovation (CCI) flagged reservations about the bill's broad prohibition language, suggesting potential unintended consequences for legitimate use cases. Still, industry players see this compromise as workable and are pushing for the Senate Banking Committee to move forward with a formal markup vote.
The CLARITY Act has emerged as the crypto industry's best shot at clear yield rules. Previous regulatory ambiguity forced platforms like Kraken to halt staking programs and created compliance headaches across the board. A "buy and use" framework lets exchanges and custodians reward active participation rather than passive holdings, which regulators view more favorably.
Getting the Senate Banking Committee to markup is the next hurdle. If it clears that stage, the bill gains real momentum toward becoming law. The industry's willingness to restructure reward mechanics shows they're serious about working within a regulatory framework rather than fighting it outright.