The U.S. CLARITY Act’s new draft text permits crypto companies to offer stablecoin rewards while safeguarding banks’ interest-bearing deposit businesses.

A compromise text of the Clarity Act, agreed upon by members of the U.S. Senate Banking Committee, was released on Friday. The text allows crypto companies to continue offering stablecoin reward programs but prohibits them from providing stablecoin yields that function as or are economically equivalent to bank deposits.