Overview
- The bipartisan compromise, released Monday by Sens. Thom Tillis and Angela Alsobrooks, ends the fight over stablecoin yield by banning passive interest on idle balances while allowing rewards tied to actual use, which Circle executive Dante Disparte praised as meaningful progress.
- Circle shares jumped about 19–20% after the text came out, as crypto stocks like Coinbase, BitGo, Galaxy Digital and Robinhood also rose in a session that benefited from Bitcoin hovering near $80,000.
- Prediction market Polymarket now places the odds of the CLARITY Act becoming law in 2026 near 61–64%, reflecting higher confidence after the yield dispute was settled.
- With the core issue resolved, a committee markup could come as soon as the week of May 11 and a Senate vote may follow in June or July if leaders keep the bill moving.
- USDC’s footprint is widening as Meta starts creator payouts on Solana and Polygon and Visa broadens stablecoin settlement, changes that make the token more practical for everyday payments and give the policy shift immediate real‑world relevance.