Banking groups propose changes to stablecoin income provisions on the eve of Senate Digital Assets Bill review

According to Bloomberg, banking groups are proposing final changes to a compromise related to stablecoin earnings before a key U.S. Senate committee reviews a landmark digital assets bill. The compromise was pushed by Republican Senator Tom Tillis and Democratic Senator Angela Alsobrooks earlier this month, and the adjustments are aimed at pushing forward the legislation long sought by the crypto industry and establishing clearer regulatory rules for the digital asset space.