Crypto

Senators Eye Draft Deal on Stablecoin Yield Amid Banking Lobby Pushback

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In brief

  • Senator Thom Tillis said Monday the Senate might be able to release the text as early as this week.
  • Banking groups say a White House report on stablecoin yield “studied the wrong question.”
  • Observers warn a restrictive draft could push yield activity offshore.

Senators negotiating the…

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