Coinbase Says Stablecoin Yield Deal Could Move US Senate Crypto Bill

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Coinbase said a deal was reached on a key stablecoin yield provision, which could help a broad crypto market bill move forward in the US Senate. The legislation had stalled earlier this year over whether crypto exchanges should be allowed to offer rewards for holding stablecoins. Banks had pushed to ban the rewards, saying they could draw deposits away from traditional banks.

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