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STABLE Act Advances Without Yield Option—Coinbase, Crypto Leaders Push Back

  • The STABLE Act moves forward in Congress with amendments, but controversy grows over its ban on yield-bearing stablecoins, sparking debate between lawmakers and crypto industry leaders.
  • Coinbase CEO Brian Armstrong argues that stablecoin issuers should be allowed to share interest with consumers, while Rep. French Hill states there is no consensus on the issue.
  • The bill’s final structure could shape stablecoin adoption in the U.S., with industry leaders pushing for changes and policymakers weighing financial stability against innovation.
  • The STABLE Act, a proposed U.S. legislation, seeks to oversee stablecoin issuance and establish oversight on Dollar-pegged digital assets.

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