Banking trade groups have expressed dissatisfaction with the recent stablecoin yield compromise, stating it does not fully prohibit the payment of yield and interest on stablecoins. While they refrained from heavy criticism, they indicated that lawmakers could expect suggested revisions soon. However, with the text now public, significant changes are deemed unlikely. A Senate staffer emphasized the need to move beyond yield discussions, cautioning banks against turning a modest victory into a setback.
Banking Groups Criticize Stablecoin Yield Compromise as Insufficient
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