Senators Eye Draft Deal on Stablecoin Yield Amid Banking Lobby Pushback

Kripto piyasalarında dikkat çekici bir gelişme yaşandı. Senators Eye Draft Deal on Stablecoin Yield Amid Banking Lobby Pushback Price data by News Business Senators Eye Draft Deal on Stablecoin Yield Amid Banking Lobby Pushback Banks and crypto firms remain divided even as White House data says a yield ban wouldn’t do much for lending. By Vince Dioquino Edited by Stephen Graves Apr 14, 2026 Apr 14, 2026 3 min read The U. Capitol building in Washington, D.

Image: Shutterstock/ Create an account to save your articles. Add on Google Add as your preferred source to see more of our stories on Google. In brief Senator Thom Tillis said Monday the Senate might be able to release the text as early as this week.

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Banking groups say a White House report on stablecoin yield "studied the wrong question. " Observers warn a restrictive draft could push yield activity offshore. Senators negotiating the stablecoin yield issue stalling crypto's market structure bill say they could release draft compromise text as soon as this week, even as banking groups have privately signaled dissatisfaction with the latest proposal.

The dispute centers on whether crypto exchanges should be allowed to pay yield to stablecoin holders through rewards programs, a key question that for months has stalled the Clarity Act. Thom Tillis (R-NC), who has been negotiating draft language alongside Sen. Angela Alsobrooks (D-Md.

), said Monday he expects to release the text publicly later this week, according to a report from Politico . "Anti-evasion was an issue that we've made progress on, and enforcement is an area that we're still working on," Tillis said, adding that he believes concerns stem partly from stakeholders not having seen the full text. Earlier in the week, the American Bankers Association pushed back on a White House Council of Economic Advisers report that found banning stablecoin yield would boost bank lending by just 0.

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02%, arguing the analysis "studied the wrong question. " The ABA countered that the CEA's model understates the risk by using today's roughly $300 billion stablecoin market as its baseline, instead of directly projecting what happens when yield-paying stablecoins scale to between $1 and $2 trillion. Tillis's push comes as the Clarity Act faces a shrinking legislative window, with key senators warning the bill must pass by May or risk dying before the midterms.

Last week, Treasury Secretary Scott Bessent urged lawmakers to get the bill across the finish line, calling crypto firms opposed to compromise "nihilists. " But once the draft text is made public, it could reshape how crypto exchanges like Coinbase structure stablecoin rewards programs, including an existing arrangement with USDC issuer Circle that pays users roughly 4% annual yield on holdings. Observers say the stablecoin yield debate, while contentious, hasn't eroded broader bipartisan support for market structure legislation.

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