On the eve of the January 15th review of the 《CLARITY Act》, the cryptocurrency and banking industries are ramping up lobbying efforts to limit stablecoin yields. Banks are seeking to ban stablecoin yields to protect deposits, while over 125 cryptocurrency companies, including White House advisor Patrick Witte, believe that such a ban would harm America's competitiveness. Leading figures in the cryptocurrency space, such as Ethereum founder Joseph Lubin and Coinbase founder Brian Armstrong, are supporting consumers' right to earn yields. Galaxy founder Mike Novogratz even called the move "absolutely stupid." The issues of yields and DeFi regulations could jeopardize the bill's final passage.

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