PANews reported on May 11 that, according to Bloomberg, ahead of the Senate Banking Committee's review of the digital asset bill, banking groups are proposing a last-minute modification to the compromise on stablecoin yields. The proposed change would completely prohibit stablecoin issuers from offering any form of reward, instead of the previously allowed model where users could earn rewards for actively using stablecoins. Six banking lobbying groups, including the American Bankers Association, stated in a letter that the exceptions in the senators' compromise would "harm deposits."

The crypto industry quickly retaliated, with Coinbase Chief Legal Officer Paul Grewal writing on the X platform that the banking proposal was not a "narrow amendment" but rather aimed at "stifling competition." Senators Angela Alsobrooks and Thom Tillis, who facilitated the compromise, issued a joint statement disagreeing with the banking sector's position, emphasizing that the compromise also allows crypto companies to offer other forms of customer rewards, and most importantly, provides a bipartisan path to passing the Clarity Act.