Rep French Hill Rejects Proposal for Interest on Stablecoin Holdings

EEA & EY – NYC Blockchain meetup – Ethereum Enterprise Alliance

March 18th, 2025 The Enterprise Ethereum Alliance (EEA) and EY Blockchain team hosted a focused discussion on stablecoins and enterprise blockchain adoption at the EY Manhattan office. The event brought together industry leaders to explore how stablecoins are revolutionizing financial services for enterprises. Key Session Highlights Demystifying Stablecoins Speakers broke down the core technology behind stablecoins and explored the different…

Hill Rejects Interest-Bearing Stablecoins Despite Armstrong’s Wish

Representative French Hill, who Chairs the House Committee on Financial Services, rejected requests to approve interest-bearing stablecoins. Coinbase CEO Brian Armstrong made a public appeal in support of this yesterday. Hill has been a vocal supporter of new stablecoin regulations, and the crypto industry counted his Committee appointment as a victory. French Hill Rejects Interest-Bearing Stablecoins If there’s one topic that’s a top priority f…

House Committee to review STABLE Act amid controversy over yield-bearing stablecoins ban

The House Committee on Financial Services has confirmed that the markup session for the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act will take place on April 2. The session will review the Amendment in the Nature of a Substitute (ANS), a revised version of the bill introduced on March 26. The…

Rep French Hill Rejects Proposal for Interest on Stablecoin Holdings

During a briefing on April 1, Representative French Hill addressed the ongoing discussions surrounding the regulation of stablecoins. One key aspect that has garnered attention is the proposal to allow consumers to earn interest on their stablecoin holdings. However, Hill rejected this proposal, stating that there is no consensus among lawmakers to support it. The debate has become a point of focus as the U.S. Congress moves closer to passing ne…

STABLE Act Advances Without Yield Option—Coinbase, Crypto Leaders Push Back - Bitcoinsensus

The STABLE Act moves forward in Congress with amendments, but controversy grows over its ban on yield-bearing stablecoins, sparking debate between lawmakers and crypto industry leaders Coinbase CEO Brian Armstrong argues that stablecoin issuers should be allowed to share interest with consumers, while Rep. French Hill states there is no consensus on the issue The bill’s final structure could shape stablecoin adoption in the U.S., with industry l…

Top Lawmaker Shuts Down Coinbase Plea for Interest-Bearing Stablecoins

House Financial Services Chair French Hill said there is no consensus on Capitol Hill to allow stablecoins to generate yield for users, dismissing the pleas from industry leaders like Coinbase CEO Brian Armstrong.