US banking industry divided on stablecoin interest proposal

The U.S. banking industry is divided over a proposed compromise on stablecoin interest within the crypto market structure bill, reported Eleanor Terrett, host of CryptoInAmerica. According to Terrett, large banks with consumer-facing business divisions are raising objections to the proposal, while banks without such divisions are more receptive. She added that some regional banks have expressed support for the measure, but the Independent Community Bankers of America (ICBA), which represents smaller banks, has also voiced concerns.