Big update on market structure: the Clarity Act stablecoin yield compromise text is now public.
Passive yield on stablecoin balances = out.
Activity-based rewards tied to real participation on crypto platforms and networks = still allowed.
The text is the result of months of negotiations between the crypto and banking industries, facilitated by the White House and Senators Tillis & Alsobrooks.
A Senate Banking Committee markup is now the next step to advance the bill.
The crypto community including @standwithcrypto advocates contacted their senators hundreds of thousands of times over this, signing petitions, sending emails, and flooding Senate offices. That level of sustained pressure is a big part of why rewards are still in this bill.
Coinbase CEO Brian Armstrong, who pulled support for the bill in January over stablecoin yield provisions, responded to last night’s text release with just: “Mark it up.”
#StandWithCrypto #ClarityAct #DigitalAssets #Crypto #CryptoPolicy
Thank you for the thoughtful feedback, Angelica.
Had the pleasure of hosting the @DetBlockchain RWA event last night. Builders, policymakers, investors, researchers, finance and real estate experts all in one room discussing the future of tokenization.
Credit to my fellow panelists for the fantastic discussion!
Proud to be part of a dedicated community in Detroit putting Michigan on the map for serious crypto conversations.
@BSC_Newspaper@Urbnedofficial Whoever runs this account is a scammer. We don’t need more scams in the crypto space. I hope you get exposed for what you are!
Today we activated First Round payments at Crab Bar & Grill.
A real business.
Real transactions.
Real-world testing.
Building financial infrastructure isn’t something that happens overnight. It takes iteration, partnerships, and merchants willing to innovate.
Grateful to the team and to businesses like Crab Bar & Grill that are willing to move first.
If your looking for a place to spend your USDC in the City of Detroit visit: The Crab Sports Bar, 519 E Jefferson Ave, Detroit, MI 48226, USA. In the heart of Downtown!
Our Official launch event will be March 18th get your ticket now!
https://t.co/Z9mt3wrOZ5
— Khari Allen
Founder, First Round
Our DTE Bills Are too High!! We’re facing the worst affordability crisis in decades and our bills are too high. Detroit and Downriver deserve lower DTE bills and rates, not just a maintenance of the status quo that’s been accepted in Lansing for far too long
What if your barber accepted crypto…
but paid LOWER fees than Visa?
What if restaurants kept more of their revenue?
What if merchants owned the rails?
We’re building that.
1.5% processing.
Non-custodial wallet.
Merchant-first infrastructure.
Detroit is the test market.
Would your business accept it?
👇 Drop your industry below.
#FirstRound #CryptoPayments #BuildInPublic
Barbershops. Restaurants. Gyms. Dispensaries.
Small businesses lose 2.5–3.5% on every transaction.
First Round is building a 1.5% payment alternative, powered by digital assets, owned by the community.
Real merchants.
Real volume.
Real infrastructure.
#MerchantAdoption #CryptoPayments #Detroit
Detroit Blockchain Collective is proud to be the home base for @standwithcrypto Michigan 💪 If you’re at @EthereumDenver, stop by the SWC lounge — our founder and SWC Michigan President @ElizabethHa is there representing! Come say 👋🏼
The NYSE moving toward tokenized securities, 24/7 trading, and instant settlement isn’t just an upgrade.
It’s a redesign of how money, ownership, and power work.
Speed and access will improve.
But so will surveillance and control, if we’re not paying attention.