According to ChainCatcher, Decrypt reports that U.S. Senator Thom Tillis stated that the Senate is expected to release the text of a revised draft amendment regarding the distribution of stablecoin yields this week.
Currently, banks and crypto companies disagree on whether to allow cryptocurrency exchanges to pay stablecoin yields to stablecoin holders through incentive programs, a dispute that has stalled the Clarity Act legislation process. A recent report from the White House Council of Economic Advisers stated that banning stablecoin yields would have a minimal impact on small banks, increasing lending by only 0.02%. However, the American Banking Association believes this analysis underestimates the risks. Observers point out that if the draft regulations are too stringent, it could lead to a flow of users and liquidity to other jurisdictions that allow yields.
