US Senate Tilts Playing Field Toward Banks As Crypto Bill Curbs Passive Stablecoin Yields

After months of intense bipartisan negotiations, the full text of the Senate’s 278-page virtual asset market structure bill has been released. It marks a critical turning point for US crypto regulation. While headlines have largely focused on its DeFi provisions and the classification of tokens, a more subtle shift may have gone unnoticed. US Senate Crypto Bill Restricts Stablecoin Yields, Favors Banks in 278-Page Draft The bill could tilt the competitive playing field in favor of traditional banks by restricting passive stablecoin yields source: https://beincrypto.com/us-senate-crypto-bill-stablecoin-yields-banking/