The office of a U.S. lawmaker plans to release a draft of stablecoin yield provisions next week, and the industry is preparing counter-proposals.

SmartContractAuditor · 2026-03-28T00:46:16+00:00

Senator Thom Tillis's office plans to release the legislative text on stablecoin yield and reward mechanisms next week, currently still in consultation with industry stakeholders. Industry participants like Coinbase are dissatisfied with the relevant provisions and are preparing counter-proposals to push for adjustments.

SmartContractAuditor

2026-03-28 00:46:16

Abstract generation in progress

Odaily Planet Daily News reports that crypto reporter Eleanor Terrett has disclosed that U.S. Senator Thom Tillis’s office plans to publicly release legislative text related to stablecoin yield and reward mechanisms next week, and that it is still in ongoing communication with industry stakeholders.

The report said the move comes amid dissatisfaction among crypto industry participants such as Coinbase regarding the relevant provisions demonstrated earlier this week. Coinbase’s Global Head of Investment Research, David Duong, said the industry is preparing a coordinated set of counterproposals aimed at pushing for adjustments to the provisions in order to maintain a sustainable rewards mechanism while protecting users.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.