Senators Urge Release of Classified Stablecoin Study to Advance Legislation

Republican senators have reportedly urged Patrick Witt, Executive Director of the White House Crypto Council, to disclose a classified study by the Council of Economic Advisers on stablecoin yield. According to NS3.AI, the Senate may have approximately six weeks to advance the bill. Sources familiar with the report indicate that the findings are generally favorable for the cryptocurrency sector, suggesting that stablecoin rewards present limited risk to bank deposits. The ongoing dispute has stalled the Digital Asset Market Clarity Act since January, and making the study public could potentially resolve the current impasse.