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New Clarity Act Draft Prohibits Stablecoin Yield Payments | CoinDesk Daily

CoinDesk Podcast Network

CoinDesk

News, Tech News, Daily News, Business News

4.7698 Ratings

🗓️ 24 March 2026

⏱️ 3 minutes

🧾️ Download transcript

Summary

Clarity Act's newest language bans the yield on simply holding stablecoins. The newest language on stablecoin yield in the Clarity Act restricts stablecoin yield and BlackRock CEO Larry Fink wrote in his annual shareholder letter about how tokenization and digital assets could fix the current financial system. CoinDesk's Jennifer Sanasie hosts CoinDesk Daily. - Nexo is the premier digital wealth platform. Receive interest on your crypto, borrow against it without selling, and trade a range of assets. Now available in the U.S with 30 days of exclusive privileges. Get started at nexo.com/coindesk. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

Transcript

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0:00.0

The Clarity Act's new language would ban rewards for holding stable coins and BlackRock CEO Larry Fink is bullish on tokenization.

0:08.5

This is CoinDesk Daily. I'm Jen Sanassi.

0:16.4

Discover Nexo, the premier digital wealth platform, now in the U.S.

0:20.5

Get started today at nexo.com

0:22.4

slash coin desk. In a closed door briefing on Capitol Hill, industry leaders got an early look at the

0:27.2

Senate's revised market structure bill, but sources say the updated language on stable coin yield

0:32.1

remains both narrow and unclear. The draft led by Senators Angela Alselbro Brooks and Tom Tillis would prohibit paying yield

0:38.8

simply for holding a stable coin. It also restricts any structure that could make those

0:43.3

programs resemble traditional bank deposits. Yield isn't the only sticking point. Democrats are

0:48.7

continuing to push for stricter oversight of decentralized finance to curb illicit activity,

0:53.6

along with a provision that would bar senior government officials from personally profiting off the crypto industry.

0:59.2

If lawmakers can resolve these issues and advance the bill through the Senate Banking Committee, it would then move to a full Senate vote, potentially shaping the future of crypto regulation in the United States.

1:09.0

BlackRock CEO Larry Fink is calling for an upgrade to the

1:12.1

financial system and says blockchain technology could help deliver it. In his annual shareholder letter,

1:17.8

Fink wrote, quote, capitalism is working, just not for enough people. He argued the current system

1:23.0

favors existing asset owners while leaving everyday workers on the sidelines of market growth.

1:28.2

He pointed to digital ledgers and regulated digital wallets as a way to modernize finance,

1:32.7

making it faster, cheaper, and more accessible to issue, trade, and invest in assets.

1:37.3

BlackRock is already leaning into that shift with nearly $150 billion tied to digital asset markets,

1:42.7

including its Biddle Fund and spot Bitcoin ETF. Thanks, bottom line. tokenization isn't just hype. It's a bet that better financial rails could turn more people into investors rather than bystanders. And Invesco, the $2.2 trillion U.S. asset manager is taking over Superstates' tokenized U.S. Treasury Fund. The fund, which currently holds more

2:01.6

than $900 million in assets, will be rebranded as the Investco's short duration U.S.

2:06.2

Government Securities Fund in the second quarter of 26. The move Marks Investco's formal entry into

...

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