🚨NEW: Yield update: Banks may have won this round on stablecoin yield. The latest draft (page 189) says companies cannot pay interest just for holding balances. You can earn rewards, but only if they’re tied to opening an account or activity like making transactions, staking, providing liquidity, putting up collateral, or participating in network governance. Senators now have 48 hours to make amendments to this text so unclear if these provisions will stay the same for Thursday.