According to a recent LinkedIn post from The Block, U.S. Senators Thom Tillis and Angela Alsobrooks have reportedly finalized compromise language on a stablecoin yield provision. The post notes that Punchbowl News first reported the text, which centers on how stablecoin platforms may compensate users.
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The company’s LinkedIn post highlights that Section 404 of the bill would restrict crypto firms from offering interest or yield that is “economically or functionally equivalent” to a traditional bank deposit. At the same time, it appears to preserve activity-based rewards tied to “bona fide” platform usage, potentially allowing non‑deposit style incentives to continue.
The post also points out that Coinbase CEO Brian Armstrong has urged the Senate Banking Committee to “mark it up,” signaling at least some industry appetite for regulatory clarity. For investors, the suggested framework could reduce regulatory risk for compliant reward structures while constraining bank‑like yield products, which may impact revenue models for yield‑focused crypto platforms and reshape competitive dynamics in the U.S. stablecoin market.