CLARITY Act Aims to Revolutionize Crypto Yield with Regulatory Certainty

The proposed CLARITY Act has cleared the Senate Banking Committee and is expected to move to a full Senate vote, where it will be merged with the Senate Agriculture Committee version before going to the House.

The bill's provision on Digital Asset Service Providers (DASPs) would bar them from offering yield solely as a function of holding a digital asset, effectively ending the 'hold-to-earn' model that has defined crypto returns for years.

Joe Vollono, chief commercial officer at stablecoin infrastructure firm STBL, said this shift would generate an entirely new market for active, regulated yield services and drive demand for a new infrastructure layer, with AI serving as the orchestration layer connecting those services within a regulated framework.