Crypto and banking industry representatives will review a revised stablecoin yield proposal this week as lawmakers try to resolve a months-long dispute over whether stablecoin issuers should be allowed to offer yield.
American Bitcoin added more than 6,500 Bitcoin, placing the firm among the largest publicly traded holders of the digital asset as it continues to scale its mining operations.
Treasury Secretary Scott Bessent recently pressed lawmakers to act on stalled crypto legislation, saying the United States must secure clear market structure rules before the end of the spring legislative window.
The White House is reportedly convening banking and crypto executives on February 2 to revive stalled U.S. crypto legislation, after Senate progress on market-structure rules collapsed earlier this month.
President Trump said at the World Economic Forum in Davos that he wants to sign sweeping U.S. cryptocurrency market structure legislation very soon, framing digital assets as a strategic priority for American innovation.
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