Negotiations on stablecoin legislation in the United States are nearing consensus, but the issue of stablecoin yields remains a key breakthrough point

According to Crypto In America, during the DC Blockchain Summit hosted by The Digital Chamber, several U.S. lawmakers and industry professionals will discuss the progress of stablecoin legislation. Tim Scott (Chairman of the Senate Banking Committee) is expected to be asked about the timeline for the next markup of the relevant bill at the event.

Insiders have revealed that negotiations surrounding the "yield" issue of stablecoins are nearing consensus. Cody Carbone stated that the regulatory framework may include a ban on providing yields on idle stablecoin balances, while allowing reward mechanisms based on trading behavior, with relevant parties expected to reach a solution within the next week. Additionally, Thom Tillis and Angela Alsobrooks are seen as key legislative advocates, both expressing concerns about the banking industry's worries regarding funds flowing from deposit accounts to high-yield crypto products.

Industry insiders believe that once these two lawmakers are satisfied with the text of the bill, the controversy over stablecoin yields is likely to be fundamentally resolved, after which regulatory focus will shift to issues such as DeFi and token classification.