according to crypto journalist Eleanor Terrett, after months of intense negotiations among Senate Republicans, Democrats, and industry insiders, a bipartisan text of the 278-page crypto market structure bill has been released. Banks may gain the upper hand in this round of stablecoin yield disputes.

The latest draft (page 189) stipulates that companies shall not pay interest solely because users hold balances. Users can receive rewards, but only when the rewards are associated with account opening activities or engaging in transactions, staking, providing liquidity, collateralizing assets, or participating in network governance. Senators now have 48 hours to propose amendments to the bill text, so it is unclear whether these provisions will remain unchanged by Thursday.