'The Whole System Is Broken': Anthony Scaramucci Suggests Resistance To Stablecoin Yield Makes Yuan More Attractive Than The Dollar
The Blockchain Association said opposition to stablecoin rewards was driven solely by a desire to protect incumbents’ revenue.
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The debate over stablecoin yield is one of several key issues that have stalled the Digital Asset Market Clarity Act, the Senate’s proposed cryptocurrency market structure legislation. A draft of the bill initially scheduled for markup on Jan. 15 proposed limiting stablecoin rewards to activities such as staking and lending. The bill is now in limbo as the cryptocurrency industry tries to negotiate more favorable terms.
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This article 'The Whole System Is Broken': Anthony Scaramucci Suggests Resistance To Stablecoin Yield Makes Yuan More Attractive Than The Dollar originally appeared on Benzinga.com
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