Senate Bill Faces Delay Over Stablecoin Yield Debate

TLDR The American Bankers Association disputed the White House analysis on stablecoin risks. Bankers said policymakers must study a market where stablecoin yield remains allowed. Lawmakers drafted a compromise to restrict yield-like rewards on stablecoins. The Senate Banking Committee has not scheduled a hearing on the bill. Senator Cynthia Lummis called for urgent action to [...]

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