Senate Debate Intensifies Over Stablecoin Rewards Amid Clarity Act Amendments

Lawmakers have submitted over 100 amendments to the Clarity Act this week, highlighting the contentious debate in the Senate regarding stablecoin rewards. According to NS3.AI, banking groups have called on senators to amend the bill to prevent exchanges and issuers from using rewards programs to increase digital dollar holdings. In response, stablecoin executives have indicated that companies might redirect incentives into alternative product structures if direct holding yields are limited.