U.S. Bank and Crypto Industry Executives to Review Stablecoin Yield Agreement Text in "Small Group" to Resolve Dispute Promptly

Odaily News: Crypto journalist Eleanor Terrett posted on platform X, stating that a small group of bank and crypto industry executives will review the text of a new stablecoin yield agreement over the next two days, aiming to quickly resolve the lobbying dispute over stablecoin yield issues previously in the CLARITY Act. It is reported that the relevant text will be limited to specific participants for review and will not be made more widely public. Individuals who visited Capitol Hill last week could view the text on-site but were not allowed to take copies.

Paul Grewal, Chief Legal Officer of Coinbase, previously stated in an interview with Fox Business that the debate over stablecoin yields in the upcoming CLARITY Act is "very close" to reaching an agreement.