U.S. Senators plan to release a draft bill on stablecoin yield revisions this week, which may impact the legislative process for market structure.

ME News Report, April 15 (UTC+8), U.S. Senator Thom Tillis stated that the Senate is expected to release a revised draft on stablecoin yield distribution this week. Currently, there is a disagreement between banks and crypto companies over whether cryptocurrency exchanges should be allowed to pay yields to stablecoin holders through reward programs, and this controversy has hindered the legislative process of the Clarity Act. The White House Economic Advisory Council recently published a report stating that banning stablecoin yields would have a minimal impact on small banks, increasing their lending by only 0.02%. However, the American Bankers Association believes that the analysis underestimates the risks. Observers point out that if the draft regulations are too strict, it could lead users and liquidity to flow to other jurisdictions that permit yields. (Source: ChainCatcher)