Digital Chamber urges inclusion of stablecoin yield in US market structure bill

The Digital Chamber, the largest crypto lobbying group in the U.S., has told Congress that the ability for stablecoins to generate yield must be included in the pending crypto market structure bill, BeInCrypto reported. The Chamber argued that banning this function would not only stifle domestic innovation but could also weaken the U.S. dollar's dominance, as global capital would flow to unregulated jurisdictions. It also emphasized that a ban would force users into passive holding strategies, potentially leading to losses. Meanwhile, the banking sector remains opposed, stating that stablecoins could offer yield without complying with capital requirements. The Chamber has proposed solutions, such as mandatory consumer disclosures, as part of the ongoing discussions.