New Clarity Act Draft Prohibits Stablecoin Yield Payments | CoinDesk Daily
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CoinDesk
4.7 • 698 Ratings
🗓️ 24 March 2026
⏱️ 3 minutes
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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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