Senators Strike Stablecoin Yield Deal, Boosting Crypto Bill
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Senators Tillis and Alsobrooks reach a deal on stablecoin yields, potentially advancing the Digital Asset Market Clarity Act. The compromise allows rewards for holding stablecoins tied to the U.S. dollar, but only for active balances, safeguarding traditional banking. The bill still faces hurdles, including concerns around decentralized finance, and a Senate Banking Committee hearing is scheduled for late next month.
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