TechFlow News, April 21: According to The Block, Thom Tillis, a Republican Senator from North Carolina and a key negotiator on the Senate Banking Committee, stated that the committee does not expect to schedule a hearing to revise and vote on the Digital Asset Market Structure Act within April. The primary legislative disagreement currently centers on how to treat rewards associated with stablecoins. The current draft bill proposes banning interest payments on idle stablecoin accounts while permitting returns generated through trading activity. Banking industry representatives fear such returns could draw deposits away from traditional banks, whereas crypto firms argue that restricting rewards would stifle innovation. Tillis suggested postponing the committee’s review to May. Earlier, Senator Bernie Moreno warned that if the bill fails to pass before May, “digital asset legislation will stall indefinitely.”
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