The exclusion of yield on passive stablecoin balances from a legislative deal has been confirmed, aligning with earlier reports that such yields were unlikely to be included. This development, coupled with recent news regarding a Tether audit, appears to be influencing market reactions. Despite the long-standing public nature of these discussions, including statements from lawmakers such as Sen. Thom Tillis and Sen. Alsobrooks, the market's response has been unexpectedly pronounced.