In a move to address a legislative stalemate, the Digital Chamber, a crypto industry group, has drafted a set of stablecoin principles to counter Wall Street bankers’ stance against stablecoin rewards in the U.S. Senate’s crypto market structure bill. At a recent White House meeting, bankers argued that stablecoin yields pose a threat to traditional depository activities, insisting on a prohibition reflected in their “Yield and Interest Prohibition Principles.” In contrast, the Digital Chamber’s new document defends the need for specific reward scenarios, such as those tied to liquidity provision and ecosystem participation, arguing that they are essential within the decentralized finance sector. The group is responding to recent White House efforts that stress compromise over provisions in the Digital Asset Market Clarity Act, seeking to preserve stablecoin rewards under the frameworks established by last year’s GENIUS Act.
Digital Chamber proposes stablecoin reward principles amid Senate bill impasse
