Peter Van Valkenburgh, Executive Director at Coin Center, warns pushing the yield issue could derail the bill or force worse trade-offs on software developer protections
"Pushing on this is a little dangerous because it's a small number of Republicans that are comfortable with the banks taking a hard line here. And that means if you lose a couple Republicans in the Senate, you're going to have to pick up a couple of Democrats"
"Nothing against Democrats, but the Democrats are generally the ones pushing for much stricter sanctions and anti-money laundering rules and more potential liability for software developers. That's just the state of affairs right now"
"If this becomes the sticking point and those Republicans who are currently siding with the banks on the yield issue don't bend, then we could be looking, if we get a bill at all voted into law, we could be looking at worse outcomes for software developers because somebody made a deal on national security and anti-money laundering policies on the Democrat side"
