Stablecoin Yield Deal Near‑Unanimous – Senate Claims It’s Basically a Crypto‑Congressional HODL

Republican senators convened for a Senate crypto‑policy pow‑wow, with White House Crypto Council chief Patrick Witt on standby. After the briefing, Sen. Cynthia Lummis declared the crew was “on a delicate balance” yet cheering a near‑unanimous breakthrough on stablecoin yields—because nothing says stability like a bipartisan nod.

Lummis’ press release trumpeted a “99% consensus” on those yields and noted that discussions on the bill’s digital‑asset sections are also marching forward. The vibe was unmistakably upbeat: “Today’s meeting was extremely productive and positive,” she said, as if the room had just minted a new block of optimism.

Not everyone was ready to pop the champagne, though. A small band of senators nudged the agenda toward housing policy and local‑bank regulation, urging that those topics be folded into the conversation—because even in crypto, you can’t ignore the rent‑check that comes due.

Meanwhile, the Senate Banking Committee is sketching a fresh compromise under the so‑called “Clarity Act.” The plan would sweeten the pot for community banks by loosening their regulatory grip,