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.