JUST IN: US Senators have reached a deal on stablecoin rules.
They agreed that crypto companies cannot give interest or fixed profit on stablecoins like banks do. But they can still offer small rewards if users are active, like making transactions or using the platform.
This deal removes a big problem and moves the crypto bill forward. It may now go to the Senate Banking Committee for the next step, but it still needs approval from the full Senate and the House before becoming law.