Crypto industry backs CLARITY Act yield compromise, pushes Senate Banking for markup
Within hours of U.S. Sens. Thom Tillis (R-N.C.) and Angela Alsobrooks (D-Md.) releasing a compromise text on stablecoin yields in the Digital Asset Market Clarity Act on Friday, the last major sticking point in the bill, cryptocurrency trade groups called for a markup on key market structure legislation. The text prohibits cryptocurrency companies from paying…