Lates News

On April 14, US Senator Thom Tillis stated that the Senate is expected to release a revised draft of legislation regarding the distribution of profits from stablecoins this week. Currently, there is a dispute between banks and crypto companies over whether crypto exchanges should be allowed to reward stablecoin holders through profit-sharing programs, which has hindered the legislative process of the Clarity Act. A recent report by the White House Economic Advisory Committee mentioned that banning stablecoin profits would have minimal impact on small banks, only increasing lending by 0.02%. However, the American Bankers Association believes that this analysis underestimates the risks. Observers point out that if the draft is too strict, it could result in users and liquidity moving to other jurisdictions that allow profit-sharing.