US Crypto Bill Stalls as Banks Reject White House Stablecoin Yield Compromise

A proposed US crypto market bill has stalled after banks rejected a White House-backed compromise on stablecoin yield regulations. The legislation seeks to establish rules governing returns on stablecoins but faces renewed opposition from banking institutions over the administration's framework. The impasse underscores ongoing tensions between policymakers and traditional financial firms over stablecoin oversight in the digital asset market.