The US Senate Banking Committee plans to vote on the crypto bill by the end of the month

News on April 11: The U.S. Senate Banking Committee plans to vote on the crypto market structure bill by the end of the month, with the handling of stablecoin rewards becoming a major 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, leading to divergence between the banking and crypto industries. A report by White House economists states that stablecoin rewards have a limited impact on bank lending. Current negotiations are focused on securing banking sector support for a compromise solution.