Crypto Market Structure Bill Sees Breakthrough with Stablecoin Yield Compromise

The Crypto Market Structure Bill, a crucial piece of legislation in the US crypto space, has made a significant breakthrough after months of being held up in the Senate.

A key sticking point had been the issue of stablecoin yields, with banks opposing the idea of allowing crypto companies to pay passive yield on holdings. However, senators Tillis and Alsobrooks have published a compromise text that addresses these concerns.

The new agreement allows crypto companies to offer rewards tied to real activity on their platforms, such as transactions and network participation, but prohibits them from paying passive yield for simply holding stablecoins.