Svmuu News Representatives from the crypto industry and the banking sector will head to Capitol Hill this week to review legislative text concerning stablecoin yields and reward mechanisms.
Reports indicate that the White House has reached a preliminary compromise with senators on relevant provisions, with the core dispute centering on whether crypto platforms should be allowed to provide yields to stablecoin holders. The current draft may include clauses restricting yields on idle balances, addressing banking industry concerns over deposit outflows and impaired lending capacity.
Furthermore, the relevant legislative text has not yet been made public, and the industry still lacks clear expectations regarding the specific content. The Senate Banking Committee may advance the review process after the Easter holiday. (Crypto In America)