PANews|Jan 21, 2026 03:34
[Galaxy Digital CEO: Banks Blocking Stablecoin Yield Provisions May Derail Crypto Regulatory Bill]
Galaxy Digital CEO Mike Novogratz stated that the stablecoin yield mechanism in the U.S. crypto market structure bill has become a focal point of controversy. Traditional banks are unwilling to allow crypto platforms to offer rewards to users, and this political interference may ultimately cause the bill to stall. He criticized banks and bipartisan lawmakers supporting their stance for harming the interests of American consumers and called for 'rational voices to prevail.' The bill originally aimed to clarify regulatory boundaries and provide platforms with legal operating space, but it is now facing legislative hurdles due to disputes over yield provisions.
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