Svmuu News: During the DC Blockchain Summit hosted by The Digital Chamber, several U.S. lawmakers and industry representatives will discuss progress on stablecoin legislation. Tim Scott (Chairman of the Senate Banking Committee) is expected to be asked at the event about the timeline for the next markup of the relevant bill. Industry insiders reveal that negotiations regarding the “yield” issue surrounding stablecoins are nearing a consensus. Cody Carbone stated that the regulatory framework may prohibit the provision of yields on idle stablecoin balances but allow reward mechanisms based on trading activity; relevant parties are expected to reach a solution within the coming week. Additionally, Thom Tillis and Angela Alsobrooks are viewed as key legislative drivers; both have expressed concern regarding the banking sector’s worries about funds flowing from deposit accounts into high-yield crypto products. Industry insiders believe that once these two lawmakers are satisfied with the bill’s text, the stablecoin yield controversy is likely to be largely resolved, after which the regulatory focus will shift to issues such as DeFi and token classification. (Cryptoinamerica)