U.S. Lawmaker's Office to Release Stablecoin Yield Proposal Next Week, Industry Preparing Counter-Proposal

AirdropBlackHole · 2026-03-28T01:01:21+00:00

Crypto journalist Eleanor Terrett reports that U.S. Senator Thom Tillis will soon release legislative text on stablecoin yields amid industry dissatisfaction, including feedback from Coinbase. David Duong reveals plans for a counter-proposal to adjust terms for user protection.

AirdropBlackHole

2026-03-28 01:01:21

Abstract generation in progress

Crypto journalist Eleanor Terrett revealed that the office of U.S. Senator Thom Tillis plans to publicly release legislative text regarding stablecoin yields and reward mechanisms next week, while continuing discussions with various industry stakeholders. Reports indicate that this move comes in response to dissatisfaction expressed by crypto industry participants, including Coinbase, regarding the terms presented earlier this week. David Duong, Coinbase’s Global Head of Investment Research, stated that the industry is preparing a coordinated counter-proposal aimed at pushing for adjustments to the terms to protect users while maintaining a sustainable reward mechanism.

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