Crypto market structure bill release pushed back as industries view revised stablecoin yield compromise this week

The release of a comprehensive crypto market structure bill has been postponed as representatives from the crypto and banking industries review revised compromise language concerning stablecoin yield provisions. Senators Angela Alsobrooks (D-Md.) and Thom Tillis (R-N.C.) spearheaded the initial compromise, which banned yield based solely on stablecoin balances but allowed yield based on activities. While the crypto industry had some concerns, many desired changes were described as technical clarifications rather than substantial alterations. The bill's release, originally expected this week, is now unlikely, and a markup hearing is anticipated later in April. Other outstanding concerns include the definition and regulation of decentralized finance (DeFi) and potential issues related to political figures' involvement with crypto projects.

(Source：CoinDesk)