The office of a U.S. lawmaker plans to release a draft of stablecoin yield provisions next week, and the industry is preparing counter-proposals.

Odaily · 2026-03-28T01:01:21+00:00

Senator Thom Tillis's office plans to release the legislative text on stablecoin yield and reward mechanisms next week, currently still in consultation with industry stakeholders. Industry participants like Coinbase are dissatisfied with the relevant provisions and are preparing counter-proposals to push for adjustments.

Odaily

2026-03-28 01:01:21

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Odaily Planet Daily News reported that cryptocurrency journalist Eleanor Terrett disclosed that the office of U.S. Senator Thom Tillis plans to publicly release legislative text related to stablecoin yields and reward mechanisms next week, and is currently in ongoing discussions with various industry stakeholders.

The report stated that this move comes in response to dissatisfaction from cryptocurrency industry participants, such as Coinbase, regarding the relevant provisions presented earlier this week. Coinbase’s Global Head of Investment Research, David Duong, stated that the industry is preparing a coordinated counter-proposal aimed at pushing for adjustments to the provisions to maintain a sustainable reward mechanism while protecting users.

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