CLARITY Act shifts yield outlook as ETH nears $2.2k and staking demand builds

Investors are repositioning ahead of the CLARITY Act, as expectations that stablecoin balances may not earn yield raise questions about where on-chain "passive" returns will come from. Ethereum was up 1.5% intraday at the time of writing and sat near $2.2k resistance, while analysts argue capped stablecoin yields could redirect capital into ETH staking and increase network activity. The setup is also framed around a roughly $164 billion stablecoin pool on Ethereum, a reported plan to stake about $6 billion worth of ETH over the next 50 days, and about 3.46 million ETH ($7.4 billion) available on exchanges.