The U.S. Senate's crypto market structure bill has encountered a roadblock due to disagreements over stablecoin yields. Banking industry representatives have called for a complete ban on stablecoin yields, prompting the crypto industry group Digital Chamber to issue a response. The organization expressed willingness to forgo static yields akin to deposit interest but advocated for incentives related to trading, liquidity, and ecosystem participation. Additionally, the Digital Chamber agreed to a two-year study on the impact of stablecoins on deposits, as proposed by the banking sector, but opposed automatic regulatory restrictions.
U.S. Senate Crypto Market Bill Stalled Over Stablecoin Yield Dispute
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