Representatives of the crypto and banking industries are meeting with legislative staffers on Thursday and Friday to review revised compromise language on stablecoin yield provisions in the market structure bill, three people familiar with the plans told CoinDesk.
Industry representatives first viewed the compromise language, spearheaded by Senators Angela Alsobrooks (D-Md.) and Thom Tillis (R-N.C.), last week. At the time, the proposed compromise banned yield based solely on stablecoin balances, but did allow companies to pay out yield based on activities. The crypto industry had some issues with the language.
Politico first reported that the meetings were taking place earlier Thursday.
The text was originally expected to be released this…






