Could we FINALLY be seeing some movement on the CLARITY Act? Senate Banking Chair Tim Scott just said he expects a stablecoin yield proposal in his hands by the end of this week. Scott's exact words: "This week we will have the first proposal in my hands." Stablecoin yield has been the fight holding this bill hostage for the past few months. The sticky question: can stablecoin issuers pay holders interest? Banks hate the idea. If your USDC earns 4%, why keep cash at Chase? Crypto's counter: stablecoins are already earning yield on the backend through T-bills. The issuer just keeps it. The holder sees nothing. That's what the compromise is trying to solve. The draft coming this week will likely allow some form of yield - capped, tiered, or restricted to certain holder types. If it does: - Circle and other issuers get a direct shot at competing for deposit dollars - Banks lose the objection that's been stalling this bill since last year - Everyday holders could earn passive income on dollar-pegged assets without touching DeFi If Scott gets buy-in on this draft, the GENIUS Act goes from stalled to real. Watch for the proposal this week. ...