Stablecoin Yield Saga Continues: OCC, Congress, and the White House Weigh In

A potential conclusion to the hotly contested stablecoin yield issue is coming into focus. A series of recent federal actions, including the Office of the Comptroller of the Currency’s (OCC) February 25, 2026 Notice of Proposed Rulemaking to implement provisions of the GENIUS Act, the Senate’s most recently proposed CLARITY Act language, and an April 8, 2026 report from the White House Council of Economic Advisers (CEA), reflects a growing policy push to establish a clear consensus on how, and... By: Sheppard, Mullin, Richter & Hampton LLP