Lawmakers will return to Capitol Hill next week to handle stablecoin rewards

On April 12, negotiations on how to handle stablecoin rewards are intensifying before lawmakers return to Washington, D.C., next week, with the White House, senior cabinet officials, lawmakers and stakeholders from the cryptocurrency and banking sectors all expressing their opinions. Reaching an agreement could help advance a broader market structure bill aimed at regulating the cryptocurrency industry. The bill would clarify jurisdiction between the Securities and Exchange Commission and the Commodity Futures Trading Commission, establish exchange rules, and require disclosure of information.