Stablecoin Politics Threaten to Derail US Market Structure Reform

A brewing political fight over stablecoin yields threatens to derail long-awaited US crypto market structure reform. Recent developments expose deep divisions among banks, crypto firms, and policymakers over who benefits most from the next phase of financial regulation. Stablecoin Yield Showdown Stalls US Crypto Market Reform At the center of the dispute is whether crypto platforms should be allowed to offer rewards or yield on stablecoins. Galaxy CEO Mike Novogratz warns that opposition from the banking lobby could sink the broader legislative effort altogether, even as existing law already permits certain forms of stablecoin yield source: https://beincrypto.com/stablecoin-yield-crypto-market-reform/