A fresh update from Coinbase reveals that U.S. lawmakers are actively working behind the scenes to push the bill forward after recent tensions around stablecoin rewards. What looked stalled just weeks ago is now moving again, with real timelines forming.
The key development? A new compromise proposal that could reshape how stablecoins operate. Lawmakers are considering banning passive yield simply for holding stablecoins, while still allowing more limited, activity-based rewards tied to payments or platform usage. It’s a middle ground and it might be enough to break the deadlock.
Behind the scenes, crypto industry leaders are already coordinating a counterproposal, aiming to finalize the reward structure within the next three weeks. That sets up a critical window.
If things move as expected, the Senate Banking Committee could take up the bill for markup in the second half of April with a potential final passage as early as May.
This isn’t just another regulatory headline.
This is one of the most important crypto bills in the U.S. and it’s very much alive.
The next few weeks could define how crypto operates at scale in the world’s largest economy.
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