🚨JUST IN: Banking trade groups weigh in on the stablecoin yield compromise, saying it “falls short” of fully prohibiting the payment of yield and interest on stablecoins, but avoid criticizing it heavily. They say lawmakers can expect suggested edits in the coming days, but it’s unlikely the language will shift now that the text is public. As I reported in my @CryptoAmerica_ newsletter this morning, one Senate staffer put it bluntly: “Time for everyone to move on from yield. Banks should not turn a modest win into a loss.”(Eleanor Terrett)