Crypto Bill Provision Deal Reached After Months-Long Negotiation

A crucial part of the crypto bill has been resolved after a deal was reached between lawmakers. The provision in question allowed stablecoin issuers and crypto firms to offer rewards on stablecoins, which had stalled earlier this year due to opposition from banks.

The revised language includes restrictions on rewards offered by crypto companies, but still allows them to offer rewards based on real usage of their platforms and networks. This compromise is seen as a victory for the crypto industry, which has been operating in a regulatory gray area.