The proposed legislation has triggered a fight with the banking lobby over stablecoin yields and Democrats over White House conflicts of interest.
“We’d rather have no bill than a bad bill,” Armstrong wrote, outlining several blockchain sector critiques, including a key battle with the banking industry over offering rewards for stablecoin holdings. “Hopefully we can all get to a better draft.”
… [5110 chars]
Source: Fortune | Published: 2026-01-14T23:25:50Z
Credit: Fortune
