Gate News Report, March 16 — During the DC Blockchain Summit in Washington, negotiations between the crypto industry and the banking sector regarding stablecoin yields have nearly reached a consensus. Cody Carbone, CEO of the Digital Chamber of Commerce, stated that both sides are leaning toward a compromise: banning interest payments on idle stablecoin balances but allowing transaction-based rewards to address traditional banks’ concerns over deposit outflows. Currently, Senators Thom Tillis and Angela Alsobrooks are seen as key figures in reaching this agreement. Once the yield provisions are legislatively agreed upon, remaining disputes over DeFi and token classification may be expedited. Chairman of the Senate Banking Committee, Tim Scott, is expected to provide more clarity on the committee’s next voting and review schedule during the summit.
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