Breaking: The US Senate Banking Committee has introduced the Clarity Act, a significant piece of legislation aimed at establishing clearer regulatory boundaries for the cryptocurrency and digital asset sector.

Key provisions include restrictions on stablecoin yield offerings, with selective rewards permitted under specified conditions. More notably, the legislation contains a prohibition on federal banks utilizing Central Bank Digital Currencies (CBDCs) in their operations—a move that signals ongoing debate over digital currency adoption at the institutional banking level.

This framework represents a potential shift in how policymakers approach digital asset regulation, balancing innovation with financial system stability. Market participants and compliance teams across the crypto industry are expected to closely analyze the bill's implications for stablecoin projects and blockchain infrastructure development.