The Digital Chamber responds to the banking industry's opposition to the stablecoin yield position paper

The US Senate's crypto market structure bill has been stalled due to disputes over stablecoin yields, with the banking industry previously submitting documents to the White House calling for a comprehensive ban on stablecoin yields. The Chamber of Digital Commerce released a principles document in response, stating that stablecoin activities require certain incentives, but the industry does not need to develop products that directly threaten bank deposit business.