Coinbase says deal reached on key provision of crypto bill

Coinbase said on Friday a deal has been reached on a key provision in a landmark crypto legislation that could clear the path for the bill to move forward in the U.S. Senate.

The bill stalled earlier this year because banks opposed a provision allowing stablecoin issuers and crypto firms ‌to offer yield-bearing ⁠products and ⁠other rewards paid on stablecoins that could lure away bank deposits, making it harder for them to fund lending.