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Home/Markets & Investing/STABLECOIN US LEGISLATION · STABLECOIN REGULATION

Stablecoin users will lose passive yield as Senate moves to ban it

PK

Peyton Kingsley

stablecoin US legislation · Apr 15, 2026

Stablecoin users will lose passive yield as Senate moves to ban it

Source: DojiDoji Data Terminal

Stablecoin holders will be unable to receive payments based solely on the amount of stablecoins they hold. This restriction comes as Sen. Thom Tillis and Sen. Angela Alsobrooks finalize draft language for the Digital Asset Market Clarity Act. The act bans passive yield paid solely for holding stablecoins, while allowing activity-based rewards tied to transactions or payments.

Related Brief23h ago
stablecoins

Circle's Court-Order Requirement for USDC Freezes protects $28 Billion Ecosystem

USDC users now have a predictable standard for asset protection, as Circle CEO Jeremy Allaire announced on March 15, 2025, that the company will not freeze specific wallets or USDC assets without explicit U.S. court orders. Allaire described USDC as a regulated financial product rather than a platform for real-time intervention, mirroring traditional banking protocols for asset security. The clarification responds to criticism from the cryptocurrency community regarding perceived inconsistencies in Circle's handling of hacked and stolen funds. By requiring judicial oversight for asset intervention, Circle establishes a clear cooperation pathway for law enforcement agencies seeking to recover stolen funds. This framework protects the $28 billion USDC ecosystem.

Third-party platforms like Coinbase will be prohibited from paying passive yield on stablecoin balances. The SEC, CFTC, and Treasury have 12 months from enactment to define acceptable reward structures and anti-evasion rules.

Related BriefJust now
tax law

The PARITY Act would eliminate capital gains taxes on regulated stablecoin payments

Sellers of regulated stablecoin payments would recognize no gain or loss under the new draft of the Digital Asset PARITY Act. The bipartisan proposal, led by Representatives Steven Horsford and Max Miller, would treat routine spending with dollar-pegged stablecoins as non-taxable events. To qualify, a stablecoin must be issued by an authorized entity and maintain its peg within 1% for at least 95% of trading days over the prior 12 months. The bill would deem the taxpayer's basis to be $1 per unit, ignoring fluctuations within a $0.99 to $1.01 band. This shift would align regulated payment stablecoins with foreign currency rules. Current IRS guidance classifies stablecoins as digital assets taxed as property, meaning every use of USDC or USDT to buy goods triggers a reportable capital gain or loss event.

Stablecoin holders will be unable to receive payments based solely on the amount of stablecoins they hold.

Related Brief1d ago
digital assets

Canada's New Stablecoin Framework Targets Issuer Reserve Requirements

Canadian consumers will gain access to safer, more reliable digital payment options. The Department of Finance is developing regulations for stablecoins following the Royal Assent of Bill C-15. The framework applies to local and international issuers. Under the new rules, issuers must maintain adequate reserves and support redemption at par in the referenced fiat currency. They must also uphold data security practices and proper corporate and financial governance. This framework complements existing federal and provincial regimes, such as the Retail Payment Activities Act.

stablecoin US legislationstablecoin regulation

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