Deep Tide TechFlow News, March 28 — According to crypto journalist Eleanor Terrett, staff from U.S. Senator Thom Tillis (R-NC)’s office revealed that their office plans to publicly release the detailed legislative text on stablecoin yield/reward terms next week. They are currently in ongoing negotiations with stakeholders.

This move stems from dissatisfaction among Coinbase and other crypto industry stakeholders with the parameters of the proposal presented in a limited scope earlier this week. Coinbase Global Investment Research Director David Duong stated that industry leaders are currently drafting a coordinated counter-proposal, “explaining why targeted modifications are necessary to protect customers and maintain sustainable reward programs.”