US Senators and White House Reach Tentative Deal to End Bank-Crypto Stablecoin Yield Clash

TLDR: Senators Tillis and Alsobrooks reached a White House-backed agreement in principle on stablecoin yield language. The deal proposes barring yield payments on passive balances to address bank concerns over deposit flight. White House adviser Patrick Witt called the agreement a major milestone toward passing the CLARITY Act. The agreement still requires vetting from banking [...]

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