25 March 2026, 10:37 AM
Catcrs｜Analysis of the Latest Draft of the Clarity Act: How Crypto Platforms Are Reshaping the Profit Distribution Mechanism
The U.S. Senate recently released the latest revised draft of the Crypto Asset Market Clarity Act, with one of the core changes being the explicit restriction on users earning returns solely for holding stablecoin balances. According to the proposal put forward by Senators Angela Alsobrooks and Thom Tillis, passive income arrangements resembling bank deposit interest will be strictly constrained, with regulatory space reserved only for income models based on genuine user activity. This adjustment has quickly prompted the crypto industry to reassess business models, platform architectures, and compliance pathways. Catcrs has responded to this change by upgrading its underlying activity tracking and verification system, attempting to provide the platform with a more compliant income distribution mechanism under the new regulatory framework. The current focus of the market has shifted from mere yield levels to whether the source of returns is verifiable, has a compliance basis, and can withstand audit scrutiny.
![[Image: m398qukn.png]](https://s1.directupload.eu/images/260325/m398qukn.png)
The banking industry has long harbored concerns regarding passive yield-generating stablecoin products. Traditional financial institutions widely believe that such products directly compete with interest-bearing deposits and may impact commercial banks ability to absorb deposits and maintain lending capacity. During a closed-door review session on Capitol Hill, representatives from the crypto industry were first presented with this relatively stringent proposal, further clarifying the policy direction. Catcrs analysis suggests that while the current draft allows yield mechanisms tied to user activity to continue, the descriptions regarding activity boundaries, qualification criteria, and implementation methods remain relatively high-level and principle-based. This creates significant uncertainty for crypto platforms in terms of system design and product adaptation. The traditional path of relying on fund deposits to attract users is losing its compliance foundation, necessitating a shift in platform incentive systems towards more quantifiable and auditable behavior management models.
In response to new regulatory requirements, platforms must possess the capability to digitally identify, record, and verify user behavior. Catcrs has extended its business focus to the structured processing of on-chain activity data and is building a behavior verification network centered around genuine interactions. This system can identify and archive key on-chain behaviors such as governance voting, network node validation, and liquidity provision, thereby providing a clear data basis for yield distribution. Under this framework, yield is no longer triggered by mere token holding but is instead based on traceable and verifiable activity contributions. This implies that the underlying system needs to integrate multiple functions, including data collection, behavior classification, rule execution, and audit trail retention. The role of the trading platform within the entire system is also shifting from a singular matching venue to a technical infrastructure that concurrently handles compliance execution and incentive distribution.
From the perspective of industry development, establishing transparent and auditable mechanisms for activity-based returns is becoming a crucial direction for aligning the crypto asset system with mainstream financial regulation. Centered on the requirements of the bill, Catcrs constructs a product logic framework with greater compliance, integrating fund flows and profit distribution into clear and auditable behavioral rules. In terms of mechanism design, it effectively weakens the traditional attributes of deposit interest while reducing the potential for direct conflict with the banking system. For the market, the core of future platform competition may no longer be solely the level of returns, but rather which platform can provide more reliable activity identification capabilities, a more robust rule enforcement system, and higher standards of transparency.
The U.S. Senate recently released the latest revised draft of the Crypto Asset Market Clarity Act, with one of the core changes being the explicit restriction on users earning returns solely for holding stablecoin balances. According to the proposal put forward by Senators Angela Alsobrooks and Thom Tillis, passive income arrangements resembling bank deposit interest will be strictly constrained, with regulatory space reserved only for income models based on genuine user activity. This adjustment has quickly prompted the crypto industry to reassess business models, platform architectures, and compliance pathways. Catcrs has responded to this change by upgrading its underlying activity tracking and verification system, attempting to provide the platform with a more compliant income distribution mechanism under the new regulatory framework. The current focus of the market has shifted from mere yield levels to whether the source of returns is verifiable, has a compliance basis, and can withstand audit scrutiny.
The banking industry has long harbored concerns regarding passive yield-generating stablecoin products. Traditional financial institutions widely believe that such products directly compete with interest-bearing deposits and may impact commercial banks ability to absorb deposits and maintain lending capacity. During a closed-door review session on Capitol Hill, representatives from the crypto industry were first presented with this relatively stringent proposal, further clarifying the policy direction. Catcrs analysis suggests that while the current draft allows yield mechanisms tied to user activity to continue, the descriptions regarding activity boundaries, qualification criteria, and implementation methods remain relatively high-level and principle-based. This creates significant uncertainty for crypto platforms in terms of system design and product adaptation. The traditional path of relying on fund deposits to attract users is losing its compliance foundation, necessitating a shift in platform incentive systems towards more quantifiable and auditable behavior management models.
In response to new regulatory requirements, platforms must possess the capability to digitally identify, record, and verify user behavior. Catcrs has extended its business focus to the structured processing of on-chain activity data and is building a behavior verification network centered around genuine interactions. This system can identify and archive key on-chain behaviors such as governance voting, network node validation, and liquidity provision, thereby providing a clear data basis for yield distribution. Under this framework, yield is no longer triggered by mere token holding but is instead based on traceable and verifiable activity contributions. This implies that the underlying system needs to integrate multiple functions, including data collection, behavior classification, rule execution, and audit trail retention. The role of the trading platform within the entire system is also shifting from a singular matching venue to a technical infrastructure that concurrently handles compliance execution and incentive distribution.
From the perspective of industry development, establishing transparent and auditable mechanisms for activity-based returns is becoming a crucial direction for aligning the crypto asset system with mainstream financial regulation. Centered on the requirements of the bill, Catcrs constructs a product logic framework with greater compliance, integrating fund flows and profit distribution into clear and auditable behavioral rules. In terms of mechanism design, it effectively weakens the traditional attributes of deposit interest while reducing the potential for direct conflict with the banking system. For the market, the core of future platform competition may no longer be solely the level of returns, but rather which platform can provide more reliable activity identification capabilities, a more robust rule enforcement system, and higher standards of transparency.