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.

MarsBitNews · 2026-03-28T03:16:46+00:00

Senator Thom Tillis's office plans to release the legislative text on stablecoin yield and reward mechanisms next week. Industry participants like Coinbase have expressed dissatisfaction and are preparing counter-proposals to amend the terms to ensure user protection and the sustainability of the reward mechanisms.

MarsBitNews

2026-03-28 03:16:46

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Mars Finance reports that cryptocurrency journalist Eleanor Terrett has disclosed that U.S. Senator Thom Tillis’s office plans to publicly release legislative text related to stablecoin yields and reward mechanisms next week, while still continuing discussions with various industry stakeholders. The report states that this move comes in response to dissatisfaction expressed by participants in the cryptocurrency industry, such as Coinbase, regarding the relevant provisions showcased earlier this week. Coinbase’s Global Head of Investment Research, David Duong, stated that the industry is preparing a coordinated counter-proposal aimed at pushing for adjustments to the provisions to maintain a sustainable reward mechanism while protecting users.

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