"The 3.5% yield on stablecoins might be gone next month."
This is not alarmism. In January 2026, a bill called CLARITY is undergoing intense negotiations on Capitol Hill in Washington. The outcome of this negotiation will directly determine whether the USDC and USDT in your wallet can continue to "earn interest."
Why did the CEO of Coinbase suddenly turn against?
In simple terms: the banks are anxious.
Traditional banks have seen depositors move their money from 0.1% savings accounts to stablecoins for a 3.5% yield, losing over $20 billion each month. As a result, they are frantically lobbying to insert a clause in the CLARITY bill: prohibiting interest on stablecoins.
Coinbase CEO Brian Armstrong slammed the table: "This is worse than having no legislation at all!" Why? Because Coinbase earns $1 billion a year from stablecoin interest. This ban is like directly cutting off his money tree.
But what hurts more is: your returns are merely chips in the games of the giants.
What is happening to your wallet?
The CLARITY Act, on the surface, promotes "regulatory clarity," but behind it is the ultimate struggle between the old and new financial orders. Retail investors often bear the brunt.
The positive side:
Exchanges must isolate customer funds; tragedies like FTX should not happen again.
"Digital commodities" like Bitcoin and Ethereum are clearly regulated by the CFTC and are no longer pursued by the SEC.
Institutional funds entering compliantly may drive up the prices of mainstream coins.
But the negative side is more realistic:
Stablecoin interest may go to zero (if the legislation passes, compliant platforms like Coinbase and Circle may be forced to cancel yields).
Tokenized US stocks may be banned (your dream of buying 0.01 shares of Tesla might be dashed).
The RWA sector faces strict regulation (liquidity for products like tokenized bonds and real estate may dry up).
In 2026, how will retail investors survive?
Don't panic. Understanding the rules is essential for survival.
First, reallocate your assets: Increase holdings in "digital commodity" assets like Bitcoin and Ethereum. These are the preferred choice for institutional compliant funds, ETFs are more likely to get approved, and price support is stronger. Stay away from newly issued tokens that may be classified as "securities"—they may face liquidity exhaustion.
Second, look for alternative yield solutions: If stablecoin interest really disappears, consider shifting funds to on-chain DeFi protocols (provided these protocols are resistant to censorship). Although the legislation also regulates DeFi, native yields may become a safe haven.
Third, stay away from RWA traps: The legislation is extremely strict on tokenized US stocks and bonds. If you hold these types of assets, be wary of liquidity risk. Before the policy is implemented, do not engage with tokenized financial products that require KYC—they are the most likely to be shut down due to policy changes.
Lastly, let me say something truthful:
The CLARITY Act is essentially the "coming-of-age ceremony" for the crypto industry. It signifies that this market is finally transitioning from wild growth to compliance. However, the cost of compliance often comes at the expense of retail investors' "convenience" and "returns."
Your choices are simple: either adapt to the new rules or be eliminated by them.
Remember: In the crypto world, the biggest risk is not price fluctuations, but rather your inability to understand the rules while still gambling on luck.#美国核心CPI低于预期 #MSCI暂不排除数字资产财库公司 $ETH