PANews reported on March 26th that, according to CoinDesk, the crypto industry has reacted differently to the compromise reached on stablecoin yield terms in the US Crypto Markets Structure Act. Sources familiar with the matter revealed that Coinbase is dissatisfied with the latest compromise but has not yet publicly opposed it. The proposal was presented to the crypto industry on Monday and to the banking sector on Tuesday. Some stakeholders were "surprised," but Coinbase and others expressed dissatisfaction, believing the proposal could create unexpected obstacles to stablecoin-related products and services.

The new proposal will guide regulators in drafting rules that clarify how to regulate issues such as yield. Some are concerned that subjective standards set by regulators could restrict different types of reward programs and are demanding that rulemaking remain neutral. During Monday's industry conference call, Coinbase disagreed with other parties, with some arguing that giving up certain stablecoin yields is too costly, while others believed the bill was more likely to fail. An updated text is expected to be released this weekend or early next week. The banking sector has not yet publicly expressed its opinion on the proposal. A White House crypto advisor stated on social media, "Everything will work out, bullish."

Earlier reports yesterday indicated that the latest draft of the Clarity Act would prohibit earning returns solely from holding stablecoins .