The U.S. banking industry is still lobbying hard, trying to block crypto platforms from paying interest to stablecoin holders under the CLARITY Act. This is also one of the main points of contention left before the Senate's final vote in September. Banks argue that deposits will flow out. With stablecoins offering annualized incentives as low as 3-4% and as high as double digits, plus the added compliance clarity if the act passes, it's true that many bank deposits might shift to crypto for the interest. But if the path to earning interest on stablecoins really gets banned, life in the crypto space is going to get tougher again. In this bear market, how many people are just lying low and living off stablecoin yields from exchanges? I’ve been using the interest I earn weekly in USDG on OKX PAY as my grocery money—gotta cherish these good days while they last!