STABLECOIN YIELD SPAT PUTS CLARITY ACT AT RISK

Summary from the TLDR Crypto newsletter

The White House is reportedly weighing whether to abandon the CLARITY Act after Coinbase pulled support ahead of a Senate Banking markup. The dispute centers on restrictions against paying yield for simply holding stablecoins, a key issue for Coinbase, given estimates that stablecoin-related revenue could exceed $1B in 2025.