Deep Tide TechFlow News, March 23rd — According to Crypto in America, cryptocurrency and banking industry representatives will head to Capitol Hill this week to review compromise legislation drafted by the Senate Banking Committee and the White House regarding stablecoin yield and rewards. The text remains strictly confidential at present, but is expected to include provisions prohibiting interest payments on idle balances. Senator Cynthia Lummis has hinted that any product descriptions resembling bank deposit interest will not appear in the bill. If the Senate Banking Committee aims to complete review by April after the Easter recess, the time remaining for all parties to renegotiate has become extremely limited. Meanwhile, a stablecoin deposit outflow study report from the White House Council of Economic Advisors, which is reportedly favorable to the crypto industry, is expected to be released publicly in the coming days.

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