Odaily Planet Daily reports that the proposed U.S. cryptocurrency market structure bill, the Clarity Act, could give rise to a new "Yield-as-a-Service" market in the crypto industry and drive a shift from passive "hold-to-earn" models toward AI-driven, compliant yield infrastructure.
The current point of contention lies in Section 404 of the bill, which aims to prohibit digital asset service providers (DASPs) from offering direct yields solely based on users holding a particular digital asset. Vollono believes this means the industry will shift from “Hold-to-Earn” to “Use-to-Earn,” with future markets relying more heavily on active, compliant yield strategies.
STBL Chief Business Officer Joe Vollono said the bill could drive development in areas such as DeFi infrastructure, treasury management, collateral management, automated fund management, on-chain lending, and reward systems, with AI poised to become a foundational layer for coordinating regulated capital flows.
At this stage, the Clarity Act has been reviewed by the U.S. Senate Banking Committee and is expected to proceed to a full Senate vote, where it will be merged with the version from the Senate Agriculture Committee. The market generally believes that this bill has the potential to establish the first comprehensive regulatory framework for the U.S. digital asset market, clearly defining the regulatory boundaries between the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission regarding digital assets, thereby paving the way for institutional capital to enter the crypto market. (CoinDesk)