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Coordinated engagement with Senate lawmakers on stablecoin yield has become a key focus of state bankers association conferences around the country, according to Eleanor Terrett, citing a banking source

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Coordinated engagement with Senate lawmakers on stablecoin yield has become a key focus of state bankers association conferences around the country, according to Eleanor Terrett, citing a banking source

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  • The outreach comes as the conversation on Capitol Hill has shifted away from yield and toward securing an ethics deal, bridging gaps between the Banking and Agriculture Committee texts, and the bill’s approach to DeFi ahead of a potential floor vote.
  • Still, the source said yield remains “very much in play,” particularly as senators outside the relevant committees learn more about the legislation.Whether stablecoin yield reemerges as a defining issue when the bill reaches the Senate floor remains to be seen
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