U.S. lawmakers have reached a compromise on the crypto market structure bill known as the CLARITY Act, sending Circle shares sharply higher, CNBC reported on Monday.

Under the compromise, crypto firms cannot pay interest or returns like bank deposits for simply holding stablecoins. That remains permitted only for traditional banks. Rewards tied to user activity such as trading, transfers and staking would be allowed.

On the news, Circle shares rose 16 percent. Coinbase, a major distributor of Circle's USDC stablecoin, gained more than 7 percent. BitGo and Galaxy Digital rose 12 percent and 5 percent, respectively. Bitcoin held steady at around $79,000.

The revision is a relatively favorable outcome for Circle and Coinbase. It could pressure smaller crypto platforms that have attracted users with high-yield deposit products, CNBC reported.

Ebrahim Poonawalla (에브라힘 푸나왈라), an analyst at Bank of America, said resolving the CLARITY Act dispute over stablecoin yields is positive for the broader banking industry. It eases concerns over deposit outflows, reduces regulatory uncertainty and allows banks to participate in digital asset infrastructure under more controlled conditions, he said.