US Senators and White House Reach Principled Agreement on Stablecoin Yield Handling

SmartContractAuditor · 2026-03-20T20:11:06+00:00

The United States has reached a principled agreement on stablecoin yield treatment in crypto legislation, aimed at protecting innovation and preventing capital flight, which has become key to advancing the bill. While ethical and illicit finance concerns remain to be addressed, this agreement is viewed as an important milestone for passage of the CLARITY Act. The Senate will review the legislation next month.

SmartContractAuditor

2026-03-20 20:11:06

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Odaily Planet Daily reports that key negotiators in the United States advancing cryptocurrency legislation have reached a “principled agreement” on how to handle stablecoin yields. This issue has become one of the core disagreements in pushing the passage of the Crypto Market Structure Act.

Senators Angela Alsobrooks and Thom Tillis have reached this principled agreement with the White House. Alsobrooks’ spokesperson, Connor Lounsbury, stated that the agreement aims to protect stablecoin innovation and prevent deposit outflows; meanwhile, broader legislative issues such as ethics and illegal finance remain to be addressed to garner broad bipartisan support from the Senate Banking Committee.

White House official Patrick Witt posted on X platform that this principled agreement is a “major milestone” in advancing the CLARITY Act, and noted that work remains to finalize other pending issues.

Previously, the GENIUS Stablecoin Act passed in July prohibits stablecoin issuers from directly paying interest to holders, but does not prevent third-party platforms like Coinbase from offering rewards. The Senate Banking Committee plans to hold a hearing next month after the Easter recess to amend and vote on the bill. (The Block)

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