Agreement on stablecoin yield rules may clear path for US crypto bill

An agreement has been reached on regulations for stablecoin yield provisions, a key sticking point that had stalled U.S. cryptocurrency legislation, Bloomberg reported. The issue centered on whether exchanges could offer customers rewards for holding stablecoins. The banking industry had pushed for a ban, raising concerns that such offerings could trigger an outflow from traditional bank deposits. The new consensus reportedly allows users to continue receiving rewards, albeit with certain limitations.