TechFlow reports that on April 2, crypto journalist Eleanor Terrett posted on X stating that a small group of bank and crypto industry executives will review the text of a new stablecoin yield protocol over the next two days, aiming to swiftly resolve the lobbying dispute over stablecoin yield provisions in the previously proposed CLARITY Act. The draft text is reportedly accessible only to select participants and will not be made publicly available; individuals who visited Capitol Hill last week were permitted to view the text on-site but were prohibited from taking copies.
Paul Grewal, Coinbase’s Chief Legal Officer, previously told Fox Business in an interview that the debate over stablecoin yield in the forthcoming CLARITY Act is “very close” to reaching agreement.
