Rep. French Hill urges Senate to adopt House crypto bill as stablecoin yield dispute stalls progress

U.S. Representative French Hill said Tuesday the Senate should adopt the House-passed Cryptocurrency Market Structure Act to break the impasse over stablecoin yield rules, Odaily Planet Daily reports. The House approved the bipartisan CLARITY Act in 2025, but the bill leaves unresolved whether platforms may offer yield rewards on stablecoins, a question now central to Senate debate. The earlier GENIUS Act bars issuers from paying interest directly to holders but does not prevent third-party platforms such as Coinbase from offering rewards, prompting banks to warn of deposit flight while crypto firms argue yield restrictions would stifle innovation. Hill indicated senators could adopt the House language to advance legislation if yield provisions remain unresolved, and the White House has held meetings with banking and crypto representatives over the past month seeking compromise by early March.