Crypto world faces growing pressure to relent on stablecoin rewards to win bigger prize

As much as crypto negotiators paint bank lobbyists' campaign against stablecoin yield as unfair, it landed a blow that one dramatic move could end. What to know : A Senate time crunch means every passing day increases the pressure on the negotiation for the Digital Asset Market Clarity Act, and banker opponents of the bill haven't yet budged. The U.S. Office of the Comptroller of the Currency threw a wrench into the talks by saying the previous GENIUS Act may not preserve stablecoin rewards programs in exactly the way the industry thought it did. Inaction could cost the crypto side more heavily than the banking side, because the Clarity Act is its top priority.