US Stablecoin Legislation Negotiations Close to Consensus, Stablecoin Yield Issue Remains Key Breakthrough

According to Mars Finance, during the DC Blockchain Summit held by The Digital Chamber, several U.S. Congress members and industry professionals will discuss the progress of stablecoin legislation. Senator Tim Scott (Chairman of the Senate Banking Committee) is expected to be asked about the next review (markup) schedule for the relevant bill. Industry insiders reveal that negotiations around the “yield” issue for stablecoins are close to reaching a consensus. Cody Carbone stated that the regulatory plan might include prohibiting earning yields on idle stablecoin balances but allowing reward mechanisms based on trading activity. Relevant parties are expected to reach a solution within the next week. Additionally, Thom Tillis and Angela Alsobrooks are seen as key legislative advocates, both expressing concern over banking industry worries about funds moving from deposit accounts to high-yield crypto products. Industry experts believe that once these two lawmakers are satisfied with the bill text, the dispute over stablecoin yields is likely to be largely resolved, and regulatory focus will then shift to DeFi and token classification issues.