According to the source, a revised draft of the U.S. CLARITY Act allows stablecoin rewards tied to payments, staking services, and wallet usage while banning interest paid solely for passively holding tokens (source: U.S. Congress draft text, Jan 2026). For traders, the draft clarifies that compliant yield structures are activity-based rather than savings-like interest on idle stablecoin balances, affecting exchange, wallet, and DeFi program design if enacted (source: U.S. Congress draft text, Jan 2026). Under the draft, platforms would need to structure incentives around user actions and discontinue passive interest for simple holding to meet compliance upon enactment (source: U.S. Congress draft text, Jan 2026). Trading takeaway: prioritize activity-driven rewards over passive stablecoin interest when evaluating yield opportunities and monitor issuer and platform policy updates aligned to the draft’s requirements (source: U.S. Congress draft text, Jan 2026).

According to the source, a report claims a US crypto bill would bar interest payments on stablecoin balances; without an official bill link or government citation, this cannot be verified, so traders should wait for primary legislation or committee summaries before adjusting exposure to stablecoin yield products and US-facing CeFi accounts, and are encouraged to provide the bill name or number or an official Congressional source for confirmation.

According to Matt Hougan, banning interest on stablecoins will not protect bank deposits because smart contracts will automatically and instantly route funds intraday between yield-bearing and payment stablecoins, sustaining on-chain liquidity and usage despite regulation. Source: Matt Hougan on X, Nov 13, 2025. According to Matt Hougan, the “no interest on stablecoins” provisions are anti-consumer and will only buy banks a few years while leaving their long-term business model structurally challenged, highlighting continued competitive pressure from digital dollars. Source: Matt Hougan on X, Nov 13, 2025.