CLARITY Act Talks on March 23 Target Stablecoin Rewards Compromise, Expert Cites MiCA Risk

Digital asset industry representatives met with the U.S. Senate Banking Committee on March 23 to review a White House-backed compromise led by Sens. Thom Tillis and Angela Alsobrooks focused on stablecoin rewards. The proposal would likely ban yield earned from merely holding idle stablecoin balances while allowing rewards tied to uses like payments, transfers, or active platform engagement. Senators also signaled a tight timeline, with an April markup target and warnings that missing a May Senate-floor window could stall the bill.