According to Eleanor Terrett, Rep. French Hill discussed the industry's push for legislative provisions allowing consumers to earn interest on stablecoins. Hill indicated that there is no consensus among lawmakers on this issue, which may affect the inclusion of such provisions in upcoming bills.

According to Eleanor Terrett, a new version of the House's stablecoin bill, the STABLE Act, has been released by Rep. Bryan Steil and Rep. French Hill. The bill's full text is available, with a markup session scheduled for next Wednesday. This development could impact stablecoin regulations and trading strategies, as market participants may need to adjust to potential new compliance requirements.