The U.S. congressional office plans to release a draft of stablecoin yield provisions next week, and the industry is preparing a counter-proposal

Crypto journalist Eleanor Terrett revealed that the office of U.S. Senator Thom Tillis plans to publicly release legislative text related to stablecoin yields and reward mechanisms next week, and is currently in ongoing communication with various industry stakeholders.

According to reports, this move comes in response to dissatisfaction expressed by participants in the crypto industry, such as Coinbase, regarding the related terms presented earlier this week. Coinbase's Global Head of Investment Research, David Duong, stated that the industry is preparing a coordinated counter-proposal aimed at pushing for adjustments to the terms to maintain a sustainable reward mechanism while protecting users.