Crypto Lobby Group Advocates for Stablecoin Yield in Legislation

The Digital Chamber, a prominent U.S. cryptocurrency lobbying organization, is urging Congress to incorporate stablecoin yield generation into forthcoming crypto market structure legislation. According to NS3.AI, the Chamber warns that prohibiting yield generation could hinder innovation and redirect capital to unregulated markets, potentially weakening the U.S. dollar's global standing. The banking sector, however, opposes this inclusion, citing concerns over regulatory capital requirements. As a potential compromise, the Chamber proposes implementing consumer disclosure requirements to address these concerns.