Blockchain Report on Nostr: According to Bloomberg, Coinbase has reached an agreement on a key stablecoin yield ...

According to Bloomberg, Coinbase has reached an agreement on a key stablecoin yield provision within the crypto market bill. This development follows prior disputes concerning whether exchanges could offer yields to users holding stablecoins, which had previously stalled legislative progress. Banking entities advocated for prohibiting such rewards to prevent capital outflow from traditional deposit systems. The latest proposal, however, permits users to earn yields based on actual usage under certain restrictions. This advancement is expected to propel the broader crypto market structure bill toward a vote in the U.S. Senate Banking Committee and clarify the regulatory division of labor between the U.S. SEC and CFTC in the digital asset space.

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