Negotiations on stablecoin yields under the crypto bill have entered a "good phase," but ethical issues will become a new focus.

CoinFeed reported on April 23 that, according to The Block, the CLARITY Act, the US crypto market structure bill, has made progress on the issue of stablecoin rewards, with negotiations now in a "good state." Senators Angela Alsobrooks and Thom Tillis are working to resolve this key sticking point—the GENIUS Act prohibits stablecoin issuers from directly paying interest to holders, but does not prevent platforms like Coinbase from offering rewards. The banking industry opposes this provision, arguing that such returns would siphon off bank deposits, while crypto companies believe that restricting rewards would stifle innovation. A senator spokesperson stated that while the stablecoin yield issue is in good shape, illicit finance and ethical concerns still need to be addressed. Senator Alsobrooks is more focused on substantive content than a timeline.