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Details: https://www.gate.com/announcements/article/47889
U.S. Senate Banking Committee is set to review the CLARITY Act on January 15th, with stablecoin reward mechanisms emerging as the central flashpoint. The legislation may broaden restrictions on yield programs—potentially expanding beyond the existing GENIUS yield ban to cover exchanges and their affiliated platforms. This expansion could impact incentive markets valued between $6 billion to $10 billion annually. The debate pits traditional banking institutions advocating for strict caps against cryptocurrency players pushing for disclosure-based approaches. The outcome will significantly shape how digital asset platforms structure user incentives and loyalty programs moving forward.