Clarity Act's yield ban could birth an entirely new 'yield-as-a-service' industry — powered by AI!

The Clarity Act's Section 404 — which would ban crypto firms from offering yield purely as a function of holding a digital asset — may inadvertently create a massive new market, according to Joe Vollono, Chief Commercial Officer at stablecoin infrastructure firm STBL. "What this effectively does is shift the industry from a hold-to-earn market to a use-to-earn market," Vollono told CoinDesk. "You're going to need compliant yield strategies to generate rewards on what would otherwise be idle capital."

Vollono, a Morgan Stanley and SIFMA veteran, argues the real catalyst isn't the restriction itself but the regulatory clarity the Act brings — unlocking institutional capital at scale for the first time.