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U.S. Senators Reach Stablecoin Compromise, Boosting Crypto Bill Passage Odds to 60%

Regulation & Policy

2026-05-10 02:51:23

According to The Block, Senators Angela Alsobrooks and Thom Tillis reached a compromise on stablecoin rewards last week, clearing a major hurdle in broad cryptocurrency legislation. The deal blocks "covered parties" from paying interest or yield on stablecoins held by U.S. customers, while permitting activity-based or transaction-based rewards. Kristin Smith, president of the Solana Policy Institute, raised her odds of a comprehensive crypto bill becoming law from 40% to 60%, citing the breakthrough. The compromise paves the way for a second markup hearing in the Senate Banking Committee as early as next week.

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