No one is 100% happy with the stablecoin yield agreement: State of Crypto
CoinDesk
Industry representatives are largely dissatisfied with the proposed stablecoin yield language in the crypto market structure bill.Summary
Senators Angela Alsobrooks and Thom Tillis reached an agreement-in-principle regarding stablecoin yield language for the crypto market structure bill, which was subsequently reviewed by crypto and banking industry representatives. Despite the progress toward a legislative markup expected in late April, no party seems entirely satisfied with the proposed language, which has not yet been publicly released. Concerns center on potential regulatory mandates for new rules on permissible activities and restrictions on stablecoin yield balances. While major revisions are unlikely, industry interests are reportedly considering a counterproposal, though the impact of such an effort remains uncertain.
(Source：CoinDesk)