The draft of the "Clarity Act" restricts users from earning interest solely by holding stablecoins.

BlockBeats News, January 13, according to crypto journalist Eleanor Terrett, banks may have gained the upper hand in the current round of competition regarding stablecoin yields. The latest circulated draft of the "Clarity Act" (page 189) stipulates that companies are not allowed to pay interest solely because users hold balances.

Users can still receive rewards, but only if these rewards are tied to specific actions, such as opening an account, making transactions, staking, providing liquidity, offering collateral, and participating in network governance.

Currently, senators have 48 hours to propose amendments to the text, so it remains uncertain whether these provisions will remain unchanged in Thursday's version.