The U.S. Senator's office plans to release a draft of stablecoin yield provisions next week, while the crypto industry prepares a counter-proposal.

GateNews

2026-03-29 00:49:06

Gate News message: On March 29, the office of U.S. Senator Thom Tillis plans to publicly release draft legislation next week regarding stablecoin yield and incentive mechanisms. It is still in ongoing communication with industry stakeholders. The backdrop for this move is that certain crypto industry participants, such as a CEX, have expressed dissatisfaction with the related provisions shown earlier this week. David Duong, the global head of investment research at the CEX, said the industry is preparing a coordinated set of counterproposals aimed at pushing for adjustments to the provisions—to protect users while maintaining a sustainable incentive mechanism.

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