The US Senate Banking Committee plans to vote on the cryptocurrency bill before the end of the month

On April 11th, it was reported that the US Senate Banking Committee plans to vote on the cryptocurrency market structure bill before the end of the month, and the handling of stablecoin rewards has become the main obstacle to the bill's progress. The GENIUS stablecoin bill passed last year prohibits issuers from directly paying interest, but allows third-party platforms to provide rewards, sparking a divergence between the banking and cryptocurrency industries. The White House economists' report states that stablecoin rewards have limited impact on bank loans, and the current focus of negotiations is to seek bank support for a compromise solution.