Crypto companies offering stablecoin rewards are at odds with banks in the CLARITY market structure bill. White House crypto adviser Patrick Witt urges compromise, stating banks can also offer stablecoin products without threat. The issue of stablecoin yield has delayed the CLARITY bill, with concerns over passing before the 2026 US midterm elections. Treasury Secretary Scott Bessent warns of potential setbacks if Democrats take the House. Time is running out to establish clear regulatory jurisdiction over crypto markets.

Read more at Cointelegraph: Banks Should Embrace Stablecoin Yield in CLARITY Act: White House Adviser