U.S. crypto legislation remains deadlocked as disagreement over stablecoin yield rules becomes the central barrier, with Coin Center and Coinbase indicating that fresh proposals could help restart broader negotiations.
U.S. crypto legislation talks remain stalled, with the dispute over whether and how stablecoin issuers or related firms can offer yield emerging as the main obstacle. On March 28, Coin Center’s Jason Somensatto said resolving the stablecoin yield issue could unlock wider agreement on crypto legislation. Coinbase is also preparing an alternative proposal in the coming weeks, adding to earlier industry pushback against draft provisions tied to stablecoin rewards mechanisms.