The U.S. cryptocurrency bill is stalled due to disputes over stablecoin profits, and the Digital Chamber of Commerce has proposed a compromise solution

According to CoinDesk, the U.S. Senate's cryptocurrency market structure bill has stalled over issues related to stablecoin yields.

Bankers insist on a complete ban on stablecoin yields, arguing that it threatens bank deposit operations; the Digital Chamber of Commerce released a principles document today in response, willing to forgo interest on static holdings of stablecoins but insisting on retaining reward mechanisms related to liquidity provision and ecosystem participation, especially in the DeFi space. The White House has urged both sides to reach a compromise by the end of the month and may schedule a new round of meetings next week. Digital Chamber of Commerce CEO Cody Carbone stated that if bankers refuse to negotiate, the status quo will be the continued existence of reward mechanisms.