Mike Novogratz cautions that yield provisions in the US stablecoin bill could hinder its approval, citing political priorities outweighing sound policy despite existing legal allowances.
Galaxy Digital CEO Mike Novogratz warned that yield provisions in the US stablecoin market structure bill could prevent its passage. He argued that political priorities are overriding sound policy decisions, even though current laws permit stablecoin issuers to offer yields. The bill seeks to establish clearer regulatory frameworks for the crypto sector, but Novogratz highlighted that contentious yield provisions may become a major obstacle.