A compromise has been reached on one of the thorniest sticking points in US stablecoin legislation: whether exchanges can offer yield or rewards to customers who hold stablecoins. The deal, reported by Bloomberg, preserves that ability but attaches new restrictions — a middle path between the crypto industry's position and the banking lobby's push for an outright ban.
Banks had argued that stablecoin rewards would accelerate deposit flight from traditional institutions, a concern regulators took seriously enough to stall the broader bill. The agreement signals that lawmakers found language both sides can live with, at least for now.
With this provision resolved, the path toward a comprehensive US crypto framework looks meaningfully clearer — a development the market has been waiting on for the better part of two years.
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