🚨NEW: A staffer for @SenThomTillis (R-NC) tells me his office plans to publicly release legislative text next week detailing stablecoin yield/rewards provisions, as talks with stakeholders continue. The move comes after @coinbase and other crypto stakeholders were unsatisfied with the parameters of a deal shown to a small group of industry leaders earlier this week. Coinbase's Global Head of Investment Research @DavidDuong says industry leaders are currently working on a coordinated counterproposal "to explain why targeted changes are needed to protect customers and preserve sustainable rewards programs."(Eleanor Terrett)