I have a proposal on stablecoin yield as a compromise that I think most people are not considering yet coming in a longer format. Hint: What if I told you I was okay with banning yield and rewards for stablecoins, so long as we also bring some other regulatory rules back?

Jake Chervinsky
@jchervinsky
12-05
1/ Market structure bill, December update The Senate is working very hard to get this done, but the closer they get, the more complex it becomes. I'm not betting on a markup this month. Three issues are holding up the bill: stablecoin yield, conflicts of interest, and DeFi 🧵
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