US senators are seeking a compromise on stablecoin yields to push through the stalled CLARITY bill.

CoinFeed reported on March 11th, citing CoinDesk, that US senators are attempting to push forward the stalled CLARITY bill, a crypto market structure legislation, through a compromise on stablecoin yields. The banking industry had previously successfully lobbied for a halt to the bill, citing concerns that stablecoin yields would siphon off bank deposits. Maryland Senator Angela Alsobrooks, involved in the negotiations, stated at a banking summit that both sides may need to make "some compromises" to allow for innovative growth while preventing deposit outflows. Senator Mike Rounds pointed out that yields should be linked to account activity rather than the amount held. JPMorgan Chase CEO Jamie Dimon hinted at accepting a transaction-based yield model, a position also raised by the crypto industry at a White House meeting. Recent rules proposed by the Office of the Comptroller of the Currency (OCC) leave considerable room for customer-incentivized yield programs.