Representatives from the cryptocurrency industry and the banking sector will go to Capitol Hill to review legislative texts related to stablecoin earnings

According to Crypto In America, representatives from the cryptocurrency industry and the banking sector will head to Capitol Hill to review legislative texts concerning the yield and reward mechanisms for stablecoins.

Reports indicate that the White House has reached a preliminary compromise with senators on related provisions, with the core controversy being whether to allow cryptocurrency platforms to offer yields to stablecoin holders. The current draft may include provisions that restrict yields on idle balances in response to the banking industry's concerns about deposit outflows and impaired lending capacity.

Additionally, the relevant legislative texts have not yet been made public, and the industry still lacks clear expectations regarding the specific content. The Senate Banking Committee may advance the review process after the Easter holiday.