Negotiations on US stablecoin legislation are nearing consensus, but the issue of stablecoin returns remains a key point of breakthrough.

During the DC Blockchain Summit hosted by The Digital Chamber, several US lawmakers and industry figures will discuss the progress of stablecoin legislation. Tim Scott (Chairman of the Senate Banking Committee) is expected to be asked about the timeline for the next markup of the relevant bill. Industry insiders revealed that negotiations surrounding the issue of stablecoin "yields" are nearing a consensus. Cody Carbone stated that the regulatory proposal may include prohibiting yields on idle stablecoin balances but allowing reward mechanisms based on transaction activity, and the parties involved are expected to reach a solution within the next week. Furthermore, Thom Tillis and Angela Alsobrooks are considered key legislative drivers, both expressing concern about the banking industry's concerns regarding funds flowing from deposit accounts to high-yield crypto products. Industry insiders believe that once these two lawmakers are satisfied with the bill text, the stablecoin yield controversy is expected to be largely resolved, and regulatory focus will then shift to issues such as DeFi and token classification. (Cryptoinamerica)