The release of a US crypto market structure bill has been delayed as lawmakers and industry groups continue negotiating stablecoin yield provisions.
Representatives from the crypto and banking sectors are meeting with legislative staff to review revised compromise language that aims to balance restrictions on passive yield with allowances for activity-based returns.
The proposal, led by Senators Angela Alsobrooks and Thom Tillis, would ban yield generated purely from holding stablecoins while permitting rewards tied to specific financial activities.
The bill text had been expected this week but is now postponed as discussions continue over technical adjustments and clarifications sought by industry participants.
While some of the requested changes are described as minor, uncertainty remains around how the final language will define yield mechanisms and apply them in practice.
Senator Cynthia Lummis has indicated a markup hearing could take place later in April, though Senate rules require the bill to be published at least 48 hours before any such session.
Broader unresolved issues include how decentralised finance will be defined and regulated, as well as whether the legislation will address political ties to crypto-related projects.