Tag: Rewards

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Clarity Act text lets crypto firms offer stablecoin rewards while shielding bank yield

Stablecoin yield would be prohibited under the newly released agreement between U.S. Senators Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.) addressing that contentious part...

Kraken launches opt-in rewards program for xStocks tokenized equities

Kraken introduces rewards up to 1% for users holding xStocks, extending yield opportunities beyond traditional dividend structures.Kraken launched an opt-in rewards program for xStocks...

Citi says stablecoin rewards restrictions could slow Circle’s USDC, not stop it

Wall Street bank Citi says proposed limits on stablecoin rewards in the latest draft of U.S. market structure legislation would be a setback for...

Latest Clarity Act Draft Bans Rewards on Passive Stablecoin Balances

Activity-based rewards are allowed, but anything ‘economically equivalent to interest’ is barred.Crypto industry leaders reviewed the draft stablecoin yield language in the Digital Asset...

Stablecoin yield in crypto Clarity Act won’t allow rewards on balances, latest text says

Crypto industry insiders got their first look at the revised market structure bill in the Senate, and the opening impression was that the language...

A loophole for rewards could protect Coinbase from a looming D.C. ban on stablecoin interest payments

If lawmakers ultimately ban stablecoin rewards under the proposed CLARITY Act, Coinbase (COIN) could lose one tool it uses to attract users to hold...

Fold Revenue Rises 8% in Q4 Amid Continued BTC Rewards Push

Bitcoin financial services firm Fold reported a 8% surge in revenue in Q4 to $9 million as it gained another 2,000 customers and rolled...

Crypto world faces growing pressure to relent on stablecoin rewards to win bigger prize

If you break down what's standing in the way of advancing the crypto sector's top goal in Washington — Clarity Act legislation — the...

Stablecoin yield rewards (likely won’t be) banned under OCC proposal: State of Crypto

The Office of the Comptroller of the Currency published its proposed rulemaking to regulate stablecoins under the GENIUS Act, sparking questions about whether it...

SBI to issue 10 billion yen onchain bond with XRP rewards for retail investors

SBI Holdings, one of Japan's largest financial conglomerates, is launching its first blockchain-based bond aimed at individual investors, a 10 billion yen (~$64.5 million)...

White House favors some stablecoin rewards, tells banks it’s time to move

Limited stablecoin rewards are favored by the White House, and if bankers sign off, they'll be in the next draft of the crypto market...

Coinbase CEO: Stablecoin Rewards Ban Would Be ‘More Profitable’ for the Exchange

Brian Armstrong, CEO of Coinbase, recently offered his take on how banning stablecoin rewards in the CLARITY act would benefit the exchange’s operation. Nonetheless,...