The timing comes amid an Easter recess that runs through April 13, but Terrett’s sources say lawmakers intend to unveil language resolving the politically sensitive dispute over the CLARITY Act stablecoin yield and rewards before members return to regular business.
Industry Pushes Back On CLARITY Act RestrictionsThe latest draft reportedly aims to strike a compromise on how cryptocurrency platforms may offer rewards without prompting a flight of deposits from traditional banks.
Lawmakers would still allow activity‑based incentives such as loyalty points and promotional offers in the CLARITY Act draft, while assigning regulators a one‑year window to define permitted incentives and establish anti‑evasion rules to prevent workarounds.
That restrictive approach has drawn a swift and visible reaction in the industry. Coinbase’s Global Head of Investment Research, David Duong, has said that industry participants are coordinating a counterproposal to explain why targeted changes are needed to protect customers and sustain workable rewards programs.
However, a spokesperson for Senator Thom Tillis told Crypto In America that the new CLARITY Act text reflects ongoing conversations with industry groups, including banks.
New Crypto PAC In TownPer the firm’s release, the new fund plans to engage across federal, state, and local contests to support candidates and policymakers who favor durable, innovation‑friendly digital asset policy. An Anchorage Digital spokesperson stated:
Crypto policy is being written right now and the companies that show up and engage will help define the rules of the road; the ones that don’t will inherit them. At Anchorage Digital, we’ve always believed that responsible innovation requires active participation, which is why we’re proud to support the Blockchain Leadership Fund at such a pivotal moment for the industry.
Chainlink added that its institutional partners are building on blockchain infrastructure and that the Blockchain Leadership Fund will help ensure the policy environment can scale that adoption.
Featured image from OpenArt, chart from TradingView.com
