U.S. Senate Banking Committee drops full Clarity Act text ahead of Thursday vote!

The U.S. Senate Banking Committee released the full text of the Clarity Act just after midnight Tuesday, giving the public its first official look at the crypto market structure legislation ahead of a Thursday committee hearing. The bill had been circulating privately for months, so few surprises emerged — but the text confirms two of the most contested provisions: stablecoin yield rules and legal protections for DeFi developers.

The DeFi Education Fund called the inclusion of the Blockchain Regulatory Certainty Act protections and Exchange Act provisions 'the most important provisions for developers and infrastructure providers,' signalling cautious approval from that corner of the industry. Banking lobby groups, however, are mounting a last push to tighten stablecoin yield limits, citing Galaxy research that projects trillions in foreign capital inflows into U.S. banking…