PANews reported on April 2nd that according to Eleanor Terrett, despite calls from the crypto industry to allow stablecoin holders to earn interest, the U.S. Congress remains firm in not including this provision during the review of the STABLE Act. House Financial Services Committee Chairman French Hill stated that the bill aims to regulate payment systems rather than create investment tools. Industry professionals criticize this move as protecting traditional banking interests and hindering financial innovation and fair competition.
US Congress rejects proposal to include “yield-generating stablecoins” in regulatory bill
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