The U.S. congressman's office plans to announce draft stablecoin earnings terms next week, and the industry is preparing a counter-proposal

Encryption journalist Eleanor Terrett disclosed that U.S. Senator Tom Tillis's office plans to publicly release the legislative text covering stablecoin gains and reward mechanisms next week, and is still in continuous communication with industry parties. The report said that the move came as crypto industry participants such as Coinbase expressed dissatisfaction with the relevant terms displayed earlier this week. David Duong, global director of investment research at Coinbase, said the industry is preparing a coordinated counter-proposal to push for changes to terms to protect users while maintaining sustainable rewards.